How does the digital $ figure in your account mean you're cashless? Most money launderers, drug traffickers don't put money in their bank accounts either. Yet they're most definitely cash-full. Bad "joke".
And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: 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.
CBDC centralized bank digital currency, is already being tested worldwide at all central banks. Expect this to be in place within 9 months. All cash will have a grace period to be turned in and converted into Digital. After grace period , cash will be considered non fungible.
No thank You. I like cash. Leaves no trace. I need no electricity to use it and most of all, I can feel it. It's real, it's in my hand, not just some numbers on a screen.
@@shadooow2370 But nobody can't do whatever they want since laws are applied, so where's the freedom?. How do we define Freedom?. You know what ultimate freedom is?, being stuck on a island alone and nobody knows who you are and what you were or care about you. That's true freedom at a ultimate cost..
it's not going anywhere anytime soon, you may be long dead before it happens. But just know the autonomy that cash gives, people has and always will take advantage of that, as well
@@dravinmahajan8436 My nephew needed some money so I offered him $50 for some yard work. If the IRS and state government knew about it he'd have to fill out forms and pay taxes on it. Ridiculous.
@@airishviscara2326 Big Brother wants more Control over our financial transactions. I cannot believe the average person is accepting this to happen. Call up your elected Representative.
We've used Cash for over 5000 years, and before then used a barter/trade system, as far back as 40.000 years. Humanity has and will always need something tangible, to be used as either cash or Barter. The Government's are foolish to believe, that a cashless system would last for Decades or more.
China has been using it for more than a decade. I went there and I dont see a loss in freedom. I still can do whatever i want. even VPN for Netflix. I feel like I was in the future.
yarppp Lord been woke! I have no mortgage, no loans, no debts no car and never had a contract phone and no social media! Live a simple life you will be happy
You won't love it when they force everyone to put the chip in you, to buy food or anything in order to survive. They will track your every movement and have complete control.
Monk _Nyc your not wrong either the chip will be the next step in controlling society and your life will be monitored 24/7 ..sad thing is people are walking into their own demise and dont yet see it at least animals going to slaughter try to back up and not go there coz they are intelligent enogh to sense they are going to die but humans on the other hand seem to like being controlled to their death
I think it is rather subversive to suggest that a cashless society is inevitable, as if telling us to accept it as fact. There will be strong resistance.
Competing financial systems may become a reality once we figure out a way to ensure a fool-proof way to prevent nuclear annihilation, and we can usher in the era of corporation PMCs.
@mrbobbilly you miss the point, it is about the choice to use the banking system or not. Once cash is no longer available, that's it, you are 100% reliant upon banks. If they go broke, so do you. If the government wants to freeze or confiscate your money, it is all to easy for them to do so. People might accept a cashless society today because everything works, and we have relatively stable economic and political conditions, but that can change very quickly. It's a bit like having an umbrella, it might be a hassle to carry it around, but it will keep you dry when it rains.
The resistance will only be from us older people. The younger generation will love it, because they've already been brainwashed into giving up their privacy in exchange for convenience.
I agree and let the banks eat their cards. This is why they gave out cards so people can put themselves in debt. Oh do that prayer. " Do not lead me to temptation but deliver me from evil."
Without cash it will be easy to disconnect anybody from the system. Just block or suspend your account and you won't be able to even buy food. Another method of control
Crypto is not a solution if we talk about the possible danger of cash being removed from society. Why even think about removing cash? What's the agenda behind it? It makes 0 sense for 99% of society.
@@codenamebeats Have you even watched the video mate? They literally explained that cash costs 0.5% of national GDP. It does make plenty of sense for 99% of society.
@@zzFishstick that's a ridiculously stupid argument. 0,5% even if true is nothing compared to the waste of trillions of money in government. And not even remotely close to a reason to move torwards elimination of cash.
A cashless system will give the government/corporate/big bank complex even more control over people. It must be resisted. I pay with cash every time I can, and I strongly urge everyone else to do the same.
Pray the republicans win because the democrats are rats they are into the marxism not real democracy, its a disguise. All my life I was a democrat but not a demorat I am conservative
I agree. Like the rest of the human race I've been using to make payments nearly my whole life. And it's never let me down. If it isn't broken, do not fix it.
Yeah, apathy and the new generation will demand it, instead of ignoring the problem like Germany we should make digital currency 100% secure, like bitcoin but for countries
@@Azknowledgethirsty you should be thankful strong hackers still exist. If you believe money will be 100% secure without physically existing in any form you will always have to trust and believe the ones controlling the system.
@@codenamebeats what if it's decentralized like bitcoin, the only way to mess with it is to have one nation / person / entity control 50+% of it which is impossible
Inevitable.. maybe after we solve world poverty. Every part of world should have access to electricity which btw is not a basic necessity. So yea, it might take centuries and also ppl might move to using gold or silver coins.
@@NativeVsColonial corruption how about the tax office that robbes every little person and middle class and takes everything you own especially when the tax office isn't part of the government it's a private organisation called the federal reserve
I am in my 50's so in 3-4 decades where the peace period will be over, I should be in my 80's or 90's or maybe even gone, but I feel bad for the kids left behind. I don't have kids to worry about so I pray for my parents and siblings and the rest of my family to be forgiven and find peace so we can meet on the other side but pray for the rest who are lost and unbelievers!!
Physical cash has more demerits than digital cash. No more pickpockets, no more armed robbery, no more loose change, faster transactions and more importantly convenience.
There is nothing one could do about it. It started with introduction of paper money , corrupted pound of sterlings by the British royals , and finally by delinking currency from Gold reserves. But money is not just Gold or notes. Its a mix of sentiments. And so dont worry too much.
Revelations 13 v 16 - 17: "And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: 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."
I think the Irish Telephone Service must have a sense of humour because the prefix to all police telephone numbers is 666, the number of the BEAST. For example Lucan Police is 6667300.
To take physical currency from me, someone has to be at my exact location in the real world. To take my online account, anyone with the skills or the institution with the access can do it from anywhere that's connected. When the finances of all citizens are accessible online, someone will wipe out everything, and there'll be nothing to fall back on. Those are my fears.
I'd be fine with it if there was an economical Bill of Rights. But as of now, any bank or card network can just randomly decide to cut you off if you commit wrongthink. That's not okay, and it'll need to be fixed if we want to move forward.
In an Authoritarian Corporate ruled nation the only rights are what those in charge tell you, you have. And what is written means absolutely ZERO, ZILCH, NOTHING "0" NADAH.
Robert Cunningham but the problems being narrated by French accented man are of banks problems? There should be an institution to look after money. Why money was created at first place? Will that purpose be served? Where is its value? Are they controlling us using some papers? Revolt against banks, through owners of banks. Fuzzy
You don’t get it. It’s like going to Cuba. They use a CUC. It has an exchange with all or almost all currencies. However, you can’t take CUC to Canada, USA, or anywhere for that mater and exchange it to another currency. Adopted strictly for tourism because of the useless Cuban Peso. With this covid-19 situation right now and the state of every country’s piles, better take that money now, hold on to it, and make a wise decision when you can. You don’t want to be that unfortunate person with money that’s useless or has no tender. ✌️
yup with their maintenance fees, late fees and so forth to steal your money so what is the point of having a big checking acct. Even if I won money I would stick to small banks. Starve the big banks they are real leeches. that is why they want you to maintain 1500 minimum, Come on man who has that now days 😫
I embrace technology and cashless transaction, but I prefer physical money to avoid bureaucratic taxes and be able to do anonymous purchases off the books. Because in a hypothetical future where government can take away our money or ban us to purchase, earn, and receive money just because we have different a political opinion, digital money is controlled by the government. They make it. They can take it.
@Screaming Soldier never say never. Just look what is happening now with the government trying their best to make everything card and now wanting us to have the chip like other countries. It’s not on main media but do your own research. They don’t allow everything to go on main media.
James Devassy No actually. Basically everyone with smartphones can do it, and the sellers don’t have to have pos machine nor even a phone, but with a QR code
In the past, money was represented by real Precious Metals. It had an absolute value in any country. Then it was substituted with paper which has no value. So now even having cash looks like a huge degree of freedom.
This video is very lacking. It speaks on information known for over 3-5 years. I was expecting to hear what role central banks will play in the future, and the costs of using physical cash compared to the costs of protecting digital currencies. So much new ideas to be discussed yet missed.
Kiss our FREEDOM GOODBYE if we go to cashless society and don't forget everything going electric ⚡ too that's all connected to a global Internet with everything having a Killswitch from your bank account to vehicles , boats, lawnmowers , leaf blowers, cellphones, laptops, bicycles, scooters.
A visit to my bank today tells you all you need to know: 3 empty self service terminals that the bank is trying to force onto you. Queue out the door for the one teller cashier.
So a camera says your speeding, the money comes straight out of your bank account... and you will probably know nothing about it unless you check your bank statements daily.
I prefer cash. Comes in handy when debit/ credit is down ( which I rarely use ). Thats another danger of going cashless. Stores wont be able to be open for business if their only payment system is down. They will lose profits I know some stores are already cashless , but they are alienating customers. I dont go anywhere that doesnt accept cash. Everyone should have that right to choose how they pay. Im ok with some stores not allowing cash...as long as there is cash option elsewhere. We should always have the choice.
A cashless society is only the introduction to the mark of the beast. “and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.” Revelation 13:17 NKJV
I don't think cash will be completely obsolete. That's because alot of people including low level citizens, old fashions, and homeless use cash still. Along with the fact scams and hackers can attack ur account and bankruptcy. I think cash will still be around in the future.
Let's not forget if there's no cash and interest rates go negative, we'll have nowhere to hide. The premises of this would be to be able to force people to spend their money or lose it.
Bitcoin and other crypto currencies still require KYC laws and ID verification for any Cards or atm withdrawals. So it's still maintained by the government to use it anywhere other than on the web.
I haven’t used cash for a couple of years in Sweden. Do not miss it at all. In fact I think it’s a step backwards when I go a broad and have to use real money!
Revelation 13:14-17 "And deceiveth them that dwell on the earth by the means of those miracles which he had power to do in the sight of the beast; saying to them that dwell on the earth, that they should make an image to the beast, which had the wound by a sword, and did live. And he had power to give life unto the image of the beast, that the image of the beast should both speak, and cause that as many as would not worship the image of the beast should be killed. And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: 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."
I haven't watched the video yet, I just came here to rant. First of all, what about homeless people? As if life isn't hard enough for them already. But, in general, I hate the fact that everything has to be monitored. People think we're free, but we're not. You can't build or even camp on your own land without permission - which is usually denied. Think about that. It's like finding birds in their nest in a tree, or rabbits in their burrows, and 'evicting' them before smashing their shelters, because they didn't have 'permission' to meet their basic needs. Then the homeless (which might now include our hypothetical landowner who isn't 'allowed' to build himself a home) are told they're not allowed to sleep or shelter in public spaces. Even regular people complain that they're an eyesore. Are you freaking kidding me?! Human beings are dying in the streets and living like dogs, while surrounded by supposedly civilised and moral people... But poor you, you have to _look_ at them for a few seconds. People won't admit it, but the attitude of many is 'let them go away out of my sight and die somewhere'. There are a number of ways in which we're restricted. I'm all for laws, don't get me wrong. They are necessary. But there's a difference between being under the law and being controlled. Removing cash means that you can't make a single untracked payment or have anything stashed away. If the government ever decided to hold your funds, you would be left with absolutely nothing. Why don't people see where we're headed? We were warned so long ago, most of us have heard of it, but we deny it. Revelation 13:13 And he doeth great wonders, so that he maketh fire come down from heaven on the earth in the sight of men, 14 And deceiveth them that dwell on the earth by the means of those miracles which he had power to do in the sight of the beast; saying to them that dwell on the earth, that they should make an image to the beast, which had the wound by a sword, and did live. 15 And he had power to give life unto the image of the beast, that the image of the beast should both speak, and cause that as many as would not worship the image of the beast should be killed. 16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: _ 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. _ 18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.
We are close to a cashless society now. It will have a series of benefits, but one hidden problem is the power and tech concern. In a power failure, storm conditions, internet downtime, etc., with nothing to trade, how do we buy anything??
We still have time, they had said way before the cashless society they would make a global bank so we don't have to worry about losing from exchanges and if you bank with lets say Citi bank, you can still do the same transactions with any Citibank in the world so you don't have to deal with not being able to pay your bills from abroad.
@@codenamebeats the government still controls all of the cash It does not control cryptocurrencies Plus cryptocurrencies have the benefit of not only being more convenient and much faster, but also pseudonymous/anonymous
Digital money = the money you normally use now digital! Cryptocurrency = Volatility! One day u're rich and the next day you live in the fucking street, no thx!
@@santiagorappy71 Exactly.... the banks aren't going to let cryptocurrency get in their way ! They'll find away to ban it from the internet, and it's destroyed within minutes.
We need to keep cash more than ever. one of the few freedoms we have left. when that's gone they have total control over you. Use cash as much as you can people.
Its cheaper too, when you order food, use cash because they charge too much for delivery or tax, but if you call the restaurant directly they will do it and it helps them too, Just wish some would deliver to our address. this is the problem
Exactly and the use of debit cards are going to skyrocket. When they first tricked people into cards it was almost free. Now its fees,fees,and more fees. You'll be broke just from the fees.
Coins are way more resistant than bills. They don't tear or crumple, don't get destroyed if you forget to take out of the pocket when you wash your clothes and have a better price to make vs durability ratio
Universal basic income, but not in a "here is x amount of money for you to spend" way. More like we will give you a place to live and enough food to live. When I was working in a supermarket I saw people just finessing the system, buying alcohol and cigarettes and the least amount of shit quality food to barely survive. Tl;dr: give them group housing and bags of food, no money.
You all know all the money you have in your bank account is being used daily, for bank loans, etc. Why do you think you get charge a monthly fee when you have less than a certain amount? At least that's how it is at my bank.
Many people are saying they will turn to barter trade if cash is taken out of circulation they won't allow barter trade on the basis they can't tax it,big up from Kenya 🇰🇪🇰🇪
I can’t see this happening for at least another 50-100 years, there is way too much inequality even in the developed Western countries. If you remove cash there will be a humanitarian crisis when homeless people and others who don’t have bank accounts or smartphones suddenly are financially excluded.
Marlon Moncrieffe Why not lose all coins and round the price of everything to the nearest dollar? No. It hurts the poor. You don’t how much money $1 is to some people. Some people out there live on less than $1/day.
cashless society means: (1) loss of electricity will always mean complete breakdown of the payment system, (2) total dependency on bank fees, (3) in case of hyperinflation, the state can shut down all escape routes, (4) increased data privacy/security risks
1:14 5 years after the release of this video, we can notice some similarities about what he is saying and the reality of the US today. Very well pointed by the correspondent of The Economist!
The young generation have been totally brainwashed to tap with their phone. My son has his phone stolen and his life was a complete nightmare. It takes a sad situation like this to realise that cash in your pocket really does get you out of trouble. Life without cash will be a sad dystopian place. Such a shame for the people who can't see it
I like cash because I can find ways to avoid taxes. Make anonymous purchases without any bureaucratic institution knowing about it. I do embrace cashless transaction, I actually am excited about it, my issue of a cashless society is that in a hypothetical future, government can freeze your bank account if you have a political opinion that doesn't conform to the state's ideology, it's been happening in authoritarian China for example.
People!! India already has done it and trust me it's so comfortable here in terms of cashless and its safe too as far it is. It's called upi technology I don't understand why developed western countries not have implemented yet!?!?!?
Its rather ironic that ``the economist`` a magazine owned and run by Rothschild is showing the repercussions of going cashless which is what elites like the Rothschild's have wanted all along.
I must be ahead of the times, I’m already cashless. I have literally £1.25 in my account
Oh my God I believe you🤯😮‼️⁉️❕
NOT YA FOOL 😂😑
nah I have like $0.01 in my paypal
lol
How does the digital $ figure in your account mean you're cashless? Most money launderers, drug traffickers don't put money in their bank accounts either. Yet they're most definitely cash-full. Bad "joke".
The economist is the puppet of the elite.
A cashless society means losing privacy, your spending history will belong to the government.
@Los Angeles Man you wont have a choice. That means you cant buy something from me and I cant buy anything from you.
@Los Angeles Man how do you think that would work?
And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
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.
Yup unfortunately that's where we are headed
CBDC centralized bank digital currency, is already being tested worldwide at all central banks. Expect this to be in place within 9 months. All cash will have a grace period to be turned in and converted into Digital. After grace period , cash will be considered non fungible.
A government being aware of the nature of every financial transaction is a great way to destroy basic privacy.
@mrbobbilly how is big brother being in our business good
@mrbobbilly not caring about privacy is the same as saying you dont need freedom of speech because you have nothing to say
I was quite happy without having a credit card but some places like hotels, car rental places don't accept anything else so I had no choice 😒
What if you need to pay a really small amount? Seems daft to not use change. That’s before you even consider the government control side of this!
@@murk1876 The Canadian government froze Canadians' accounts just for protesting its government. Let that sink in.
No thank You. I like cash. Leaves no trace. I need no electricity to use it and most of all, I can feel it. It's real, it's in my hand, not just some numbers on a screen.
Money aint real genius lol. Its printed out of thin air
Jeff Pakusch you know what he means
@@goalcrypto8653 Idiot
Even though it's fiat currency..better than thin air..
Thats a illusion its just a piece of paper
It means you're giving up your freedom.
@Szilárd Maku Freedom is when you can do whatever you want when you want.
Nobody is truly free anyway
@@shadooow2370 But nobody can't do whatever they want since laws are applied, so where's the freedom?.
How do we define Freedom?.
You know what ultimate freedom is?, being stuck on a island alone and nobody knows who you are and what you were or care about you.
That's true freedom at a ultimate cost..
Never and never! I want cash 4ever
it's not going anywhere anytime soon, you may be long dead before it happens. But just know the autonomy that cash gives, people has and always will take advantage of that, as well
Offend the wrong people and suddenly master card will refuse to allow you to use your digital money.
Fake news.
whyareyoureadingthisyouarenotmeanttoreadthis
Ok... what’s your address⁉️
My mastercard is connected to my digital money
Humans will become slaves to the Visa MasterCard mafia...
Bitcoin network won't do that :)
This would mean complete government control
But it will solve the problem of :
1. Tax evasion
2. Money laundering
3. Terror funding
4. ease of doing business
And many more
@mike yes I understand now..😊👍👍
The homeless will not survive
@@dravinmahajan8436 My nephew needed some money so I offered him $50 for some yard work. If the IRS and state government knew about it he'd have to fill out forms and pay taxes on it. Ridiculous.
@@dravinmahajan8436 it wont
No. I don’t want the government to know where I am spending my $$$
no one asked you it will happen and soon you will be under full controll
They already know
@@alekskrstic1024 Yes...Mark of the Beast will come soon...
Learn to survive without money. If love Jesus Christ
@@narcelinaguzman3512 have you?
Don't do it, I used cash and coins everyday to avoid credit card fees. Also I spend less with cash
The Liberal Goverment can't remove legal tender, because it's a government law.
@@goosesteppa7642 until it isn't
@Lisa Boulier you can always go back to bartering or trading for goods and services. It really works out in country not so much in a city though.
Digital cash would mean extra charge and less privacy.
@@airishviscara2326 Big Brother wants more Control over our financial transactions. I cannot believe the average person is accepting this to happen. Call up your elected Representative.
We've used Cash for over 5000 years, and before then used a barter/trade system, as far back as 40.000 years.
Humanity has and will always need something tangible, to be used as either cash or Barter.
The Government's are foolish to believe, that a cashless system would last for Decades or more.
China has been using it for more than a decade. I went there and I dont see a loss in freedom. I still can do whatever i want. even VPN for Netflix. I feel like I was in the future.
@@solardata5765 if china is ur gold standard i feel sorry for u. The west should never follow communist regime -_-
@@solardata5765 China isn't cashless.
@@poochie81 i know
No people use Gold and silver for centuries not cash .
Please resist this! It will not be pretty! Cash gives us individual freedom.
Letsallparty2 trust me I’m ready to starve and struggle but won’t give into this fraud
@@salahuddina3344 facts stay woke
yarppp Lord been woke! I have no mortgage, no loans, no debts no car and never had a contract phone and no social media! Live a simple life you will be happy
@@salahuddina3344 facts
I agree!
I love the convenience of cashless, but I'd be uncomfortable with a cashless society - it's a can of worms.
You won't love it when they force everyone to put the chip in you, to buy food or anything in order to survive. They will track your every movement and have complete control.
Monk _Nyc Exactly😳‼️
Monk _Nyc your not wrong either the chip will be the next step in controlling society and your life will be monitored 24/7 ..sad thing is people are walking into their own demise and dont yet see it at least animals going to slaughter try to back up and not go there coz they are intelligent enogh to sense they are going to die but humans on the other hand seem to like being controlled to their death
Aware?written in book of revelation 13:16-17.
you won't love it when it's all that's available.
I think it is rather subversive to suggest that a cashless society is inevitable, as if telling us to accept it as fact. There will be strong resistance.
Oh yes!
Competing financial systems may become a reality once we figure out a way to ensure a fool-proof way to prevent nuclear annihilation, and we can usher in the era of corporation PMCs.
Maybe cash will rebound and reinvent itself?
@mrbobbilly you miss the point, it is about the choice to use the banking system or not. Once cash is no longer available, that's it, you are 100% reliant upon banks. If they go broke, so do you. If the government wants to freeze or confiscate your money, it is all to easy for them to do so. People might accept a cashless society today because everything works, and we have relatively stable economic and political conditions, but that can change very quickly. It's a bit like having an umbrella, it might be a hassle to carry it around, but it will keep you dry when it rains.
The resistance will only be from us older people. The younger generation will love it, because they've already been brainwashed into giving up their privacy in exchange for convenience.
Let’s all make a point by paying with cash whenever humanly possible.
Why?
@The Merc sorry but what is an absolutist
No thanks 😂
Yeah.
I agree and let the banks eat their cards. This is why they gave out cards so people can put themselves in debt. Oh do that prayer. " Do not lead me to temptation but deliver me from evil."
Without cash it will be easy to disconnect anybody from the system. Just block or suspend your account and you won't be able to even buy food. Another method of control
Just like the blockchain on crypto. Then those fools will have the rug pulled out from under them.
It means hiding a debt crisis by holding all the money in the system.
You have a point! I didn't think about that!
Yep. That's why they're going to do it.
Hence the cry out for “alternative systems”
I think I’ll buy a farm (unless they freeze my card) 😂
Magoo Gouzoo
Perfect way to phrase it.
And the corona virus is the perfect excuse
Convenience does not outweigh the negative parts in a cash free world
The removal of a secure, private means of transacting value between two individuals is pure Orwellian evil.
KurJan&Urbano this is an absolutely insightful comment. Please let this be known.
CRYPTO.
Crypto is not a solution if we talk about the possible danger of cash being removed from society. Why even think about removing cash? What's the agenda behind it? It makes 0 sense for 99% of society.
@@codenamebeats Have you even watched the video mate? They literally explained that cash costs 0.5% of national GDP. It does make plenty of sense for 99% of society.
@@zzFishstick that's a ridiculously stupid argument. 0,5% even if true is nothing compared to the waste of trillions of money in government. And not even remotely close to a reason to move torwards elimination of cash.
I'm young and I demand to use cash!
A cashless system will give the government/corporate/big bank complex even more control over people. It must be resisted. I pay with cash every time I can, and I strongly urge everyone else to do the same.
Pray the republicans win because the democrats are rats they are into the marxism not real democracy, its a disguise. All my life I was a democrat but not a demorat I am conservative
I agree. Like the rest of the human race I've been using to make payments nearly my whole life. And it's never let me down. If it isn't broken, do not fix it.
Unfortunately it would simply be postponing the inevitable.
@@BlackFreewaymusicStill better than nothing.
Cashless society:
Hackers: Allow us to introduce ourselves...
Me: no intro necessary we've already met
Yes never have and never will trust internet banking.
The hackers will probably be the banks if there's profit in it.
quantum procesors: alow us to introduce ourselves
This isn't inevitable. Some countries like my native Germany are resisting!
Yeah, apathy and the new generation will demand it, instead of ignoring the problem like Germany we should make digital currency 100% secure, like bitcoin but for countries
@@Azknowledgethirsty you should be thankful strong hackers still exist. If you believe money will be 100% secure without physically existing in any form you will always have to trust and believe the ones controlling the system.
@@codenamebeats what if it's decentralized like bitcoin, the only way to mess with it is to have one nation / person / entity control 50+% of it which is impossible
Inevitable.. maybe after we solve world poverty. Every part of world should have access to electricity which btw is not a basic necessity. So yea, it might take centuries and also ppl might move to using gold or silver coins.
IT SHOULD BE AVOIDED
💵 cash is a form of freedom
And black money and corruption :)
@@NativeVsColonial corruption how about the tax office that robbes every little person and middle class and takes everything you own especially when the tax office isn't part of the government it's a private organisation called the federal reserve
Very Very wise words
Yes!
Any person offending a big shot will end up "BANKRUPT".
This is dangerous.
Cashless society scares me. I was born in 1992, I hope when I grow really old, I'm still very up to date with the technology.
Just never vote for the dictating Liberals then.
I am in my 50's so in 3-4 decades where the peace period will be over, I should be in my 80's or 90's or maybe even gone, but I feel bad for the kids left behind. I don't have kids to worry about so I pray for my parents and siblings and the rest of my family to be forgiven and find peace so we can meet on the other side but pray for the rest who are lost and unbelievers!!
Physical cash should be a human right to use.
Polarised Society agrees
Yes.
But most of us won't, it's cumbersome...
Physical cash has more demerits than digital cash. No more pickpockets, no more armed robbery, no more loose change, faster transactions and more importantly convenience.
Polarised Society you can create your own as long as the other party recognize it.
the point is who controls it. cashless society is a powerless society
There is nothing one could do about it. It started with introduction of paper money , corrupted pound of sterlings by the British royals , and finally by delinking currency from Gold reserves.
But money is not just Gold or notes.
Its a mix of sentiments.
And so dont worry too much.
Yes.
Nope. This is the importance of the rise of Bitcoin.
You know internet, no one controls it.
Satan controlled it
It means that we will be prisoners of banks and money never will be our
Only gonna get worst, it’s gonna be a lot of blood shed that’s why its gonna be war
Same banks who crashed the world's economy in 2008 destroying millions of lives.
except if we use decentralised cryptocurrency
Money is already gone what we use now is called Fiat currency.
They want to control us.
The bible been preaching this message for more than 2000 years already
More fiction from a fiction filled book
matthew grant wake up and look around you, it’s impossible you’re still so ignorant
@Los Angeles Man Most certainly has.
@@matthewgrant2785 lease look around you everything we see is pointing to a cashless system
@@jacobstaton99 Christianity is the epitome of ignorance
The rush to get rid of cash is complete control!!!
What happens if the electricity goes out, even for just a few days?
@meninnavy yes I do
All people go crazy. The businesses take advantage raising up prices. I experienced that after hurricane Maria.
Also you can withdraw for you bank account whatever amount you want or have. They were controlling how much you can withdraw.
It's going to be a chip implanted in your hand
@@taradiez5684 Or forehead.
Revelations 13 v 16 - 17: "And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
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."
I think the Irish Telephone Service must have a sense of humour because the prefix to all police telephone numbers is 666, the number of the BEAST. For example Lucan Police is 6667300.
@@jgdooley2003 All phone services will be run at 5g, a further entrapment. These 'companies' are pure filth
F MS or or or
A scary proposition indeed.
@@jgdooley2003 scary
To take physical currency from me, someone has to be at my exact location in the real world.
To take my online account, anyone with the skills or the institution with the access can do it from anywhere that's connected.
When the finances of all citizens are accessible online, someone will wipe out everything, and there'll be nothing to fall back on.
Those are my fears.
Yes. If you want to take my cash, you'll have to take it out of my hands. People don't live in the real world anymore. Bunch of retards.
i'm so proud of this comment section!
I'd be fine with it if there was an economical Bill of Rights. But as of now, any bank or card network can just randomly decide to cut you off if you commit wrongthink. That's not okay, and it'll need to be fixed if we want to move forward.
In an Authoritarian Corporate ruled nation the only rights are what those in charge tell you, you have. And what is written means absolutely ZERO, ZILCH, NOTHING "0" NADAH.
A bill of rights mean nothing if armed citizens do not fight to protect it. Think of the adage, "all bark and no bite".
I will absolutely go out of my way for my money to be out of the banking system and in my hands....parasites.
Robert Cunningham but the problems being narrated by French accented man are of banks problems?
There should be an institution to look after money. Why money was created at first place? Will that purpose be served? Where is its value? Are they controlling us using some papers?
Revolt against banks, through owners of banks. Fuzzy
I'm sure you're happy to take a mortgage though?
You don’t get it. It’s like going to Cuba. They use a CUC. It has an exchange with all or almost all currencies. However, you can’t take CUC to Canada, USA, or anywhere for that mater and exchange it to another currency. Adopted strictly for tourism because of the useless Cuban Peso. With this covid-19 situation right now and the state of every country’s piles, better take that money now, hold on to it, and make a wise decision when you can. You don’t want to be that unfortunate person with money that’s useless or has no tender. ✌️
I’m not Robert
yup with their maintenance fees, late fees and so forth to steal your money so what is the point of having a big checking acct. Even if I won money I would stick to small banks. Starve the big banks they are real leeches. that is why they want you to maintain 1500 minimum, Come on man who has that now days
😫
I embrace technology and cashless transaction, but I prefer physical money to avoid bureaucratic taxes and be able to do anonymous purchases off the books. Because in a hypothetical future where government can take away our money or ban us to purchase, earn, and receive money just because we have different a political opinion, digital money is controlled by the government. They make it. They can take it.
Cash 💰 is freedom.
It is also legal tender. A law the goverments made.
In what way? I haven't use cash for about 15 years and I don't see difference regarding freedom.
@raimundematiusaityte9929 until you offend the wrong people and your banned from using cashless payments, ie China, Canada
We need a black mirror episode on this.
Hard cash will never disappear
But they will be worthless...
@Screaming Soldier never say never. Just look what is happening now with the government trying their best to make everything card and now wanting us to have the chip like other countries. It’s not on main media but do your own research. They don’t allow everything to go on main media.
It’s already a reality in China.
cities only••
James Devassy No actually. Basically everyone with smartphones can do it, and the sellers don’t have to have pos machine nor even a phone, but with a QR code
@@jamesdevassy9920 everywhere, including subway, bus, etc with almost zero cost. Cash is not prefered in many shops.
Jay H True
Already including rural areas actually...
Germany could never😂 we just love cash
From Kenya... we are also moving to cashless especially through the renowned mpesa app but we still value a little cash in our wallets,pockets.....
@@michaelochido3244 (i'm from Kenya too) even the commercials on tv discourage the use of cash to avoid the spread of 'covid 19'
In the past, money was represented by real Precious Metals. It had an absolute value in any country. Then it was substituted with paper which has no value. So now even having cash looks like a huge degree of freedom.
No thanks stay with currency, will be easy for more corruption and banks are corrupt
We need mutiply ways of payment, and cash is one of that.
This video is very lacking. It speaks on information known for over 3-5 years. I was expecting to hear what role central banks will play in the future, and the costs of using physical cash compared to the costs of protecting digital currencies. So much new ideas to be discussed yet missed.
Sounds like a disaster just waiting to happen. Kiss your privacy goodbye
Kiss our FREEDOM GOODBYE if we go to cashless society and don't forget everything going electric ⚡ too that's all connected to a global Internet with everything having a Killswitch from your bank account to vehicles , boats, lawnmowers , leaf blowers, cellphones, laptops, bicycles, scooters.
it means great depression, open-air crime and vandalism
A visit to my bank today tells you all you need to know: 3 empty self service terminals that the bank is trying to force onto you. Queue out the door for the one teller cashier.
Not even any teller cashier in my city with 6 Banks and each with their atm empty
@@johnmuthan286 Lucky you. We don't even *have* a bank in our town. My bank is in the next one!
So a camera says your speeding, the money comes straight out of your bank account... and you will probably know nothing about it unless you check your bank statements daily.
There's almost no more privacy in the world today
I prefer cash. Comes in handy when debit/ credit is down ( which I rarely use ).
Thats another danger of going cashless. Stores wont be able to be open for business if their only payment system is down. They will lose profits
I know some stores are already cashless , but they are alienating customers.
I dont go anywhere that doesnt accept cash.
Everyone should have that right to choose how they pay.
Im ok with some stores not allowing cash...as long as there is cash option elsewhere.
We should always have the choice.
I always knew money was worthless....and now its gonna be even more worthless🤦♂️.
@Mike Hunt MIKE HUNT 😂😂
Money ain't worthless but you are
A cashless society is only the introduction to the mark of the beast.
“and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.”
Revelation 13:17 NKJV
Bingo
Goosebumps
Fake scripture
I don't think cash will be completely obsolete. That's because alot of people including low level citizens, old fashions, and homeless use cash still. Along with the fact scams and hackers can attack ur account and bankruptcy. I think cash will still be around in the future.
I think the same too
Sry for my horrible english 😅
@@sri-6374 it's ok dude thank you for you're comment I appreciate it😎
Let's not forget if there's no cash and interest rates go negative, we'll have nowhere to hide. The premises of this would be to be able to force people to spend their money or lose it.
"But privacy is the main conce...."
_Blockchain has entered the chat!_
You can tell identity in Bitcoin blockchain. It is difficult not impossible
Bitcoin and other crypto currencies still require KYC laws and ID verification for any Cards or atm withdrawals. So it's still maintained by the government to use it anywhere other than on the web.
Blockchain IS the cashless society
Its already been foretold, you dont know what generation we are in ?
This is wicked
I haven’t used cash for a couple of years in Sweden. Do not miss it at all. In fact I think it’s a step backwards when I go a broad and have to use real money!
Mark of the beast is coming, new world order coming!
No.
I hope people have the balls to rebel against this
Revelation 13:14-17
"And deceiveth them that dwell on the earth by the means of those miracles which he had power to do in the sight of the beast; saying to them that dwell on the earth, that they should make an image to the beast, which had the wound by a sword, and did live. And he had power to give life unto the image of the beast, that the image of the beast should both speak, and cause that as many as would not worship the image of the beast should be killed. And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: 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."
‘If you want a picture of the future, imagine a boot stamping on a human face -- for ever.'
One foot on your neck.
I haven't watched the video yet, I just came here to rant.
First of all, what about homeless people? As if life isn't hard enough for them already.
But, in general, I hate the fact that everything has to be monitored. People think we're free, but we're not. You can't build or even camp on your own land without permission - which is usually denied. Think about that. It's like finding birds in their nest in a tree, or rabbits in their burrows, and 'evicting' them before smashing their shelters, because they didn't have 'permission' to meet their basic needs. Then the homeless (which might now include our hypothetical landowner who isn't 'allowed' to build himself a home) are told they're not allowed to sleep or shelter in public spaces. Even regular people complain that they're an eyesore. Are you freaking kidding me?! Human beings are dying in the streets and living like dogs, while surrounded by supposedly civilised and moral people... But poor you, you have to _look_ at them for a few seconds. People won't admit it, but the attitude of many is 'let them go away out of my sight and die somewhere'.
There are a number of ways in which we're restricted. I'm all for laws, don't get me wrong. They are necessary. But there's a difference between being under the law and being controlled. Removing cash means that you can't make a single untracked payment or have anything stashed away. If the government ever decided to hold your funds, you would be left with absolutely nothing.
Why don't people see where we're headed? We were warned so long ago, most of us have heard of it, but we deny it.
Revelation 13:13 And he doeth great wonders, so that he maketh fire come down from heaven on the earth in the sight of men,
14 And deceiveth them that dwell on the earth by the means of those miracles which he had power to do in the sight of the beast; saying to them that dwell on the earth, that they should make an image to the beast, which had the wound by a sword, and did live.
15 And he had power to give life unto the image of the beast, that the image of the beast should both speak, and cause that as many as would not worship the image of the beast should be killed.
16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
_ 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.
_
18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.
We are close to a cashless society now. It will have a series of benefits, but one hidden problem is the power and tech concern. In a power failure, storm conditions, internet downtime, etc., with nothing to trade, how do we buy anything??
We still have time, they had said way before the cashless society they would make a global bank so we don't have to worry about losing from exchanges and if you bank with lets say Citi bank, you can still do the same transactions with any Citibank in the world so you don't have to deal with not being able to pay your bills from abroad.
Digital money = government control
Cryptocurrency =/ government control
Cash =/ government control
So why eliminate that at all?
@@codenamebeats the government still controls all of the cash
It does not control cryptocurrencies
Plus cryptocurrencies have the benefit of not only being more convenient and much faster, but also pseudonymous/anonymous
Digital money = the money you normally use now digital!
Cryptocurrency = Volatility! One day u're rich and the next day you live in the fucking street, no thx!
@@codenamebeats because they control the printer and silently rob you of purchasing power through inflation.
@@santiagorappy71 Exactly.... the banks aren't going to let cryptocurrency get in their way !
They'll find away to ban it from the internet, and it's destroyed within minutes.
You will be as rich as what the government allows.
We need to keep cash more than ever. one of the few freedoms we have left. when that's gone they have total control over you. Use cash as much as you can people.
Its cheaper too, when you order food, use cash because they charge too much for delivery or tax, but if you call the restaurant directly they will do it and it helps them too, Just wish some would deliver to our address. this is the problem
It becomes easier to have your funds frozen by anyone who can gain access to your information. From criminals to government agencies.
A cashless society allows banks to charge whatever fees they like, what other option do you have!
Exactly and the use of debit cards are going to skyrocket. When they first tricked people into cards it was almost free. Now its fees,fees,and more fees. You'll be broke just from the fees.
yeah, I get it but the government should do something about coins... no one wants them and they probably cost more to make than what they are worth.
Coins are way more resistant than bills. They don't tear or crumple, don't get destroyed if you forget to take out of the pocket when you wash your clothes and have a better price to make vs durability ratio
the less friction upon spending, the more you'll find yourself enslave to debt.
We need *Universal Basic Income* to prevent homeless from this impact, among other things.
Universal basic income, but not in a "here is x amount of money for you to spend" way. More like we will give you a place to live and enough food to live. When I was working in a supermarket I saw people just finessing the system, buying alcohol and cigarettes and the least amount of shit quality food to barely survive.
Tl;dr: give them group housing and bags of food, no money.
A Cashless society means the end of society we need cash keep cash
I live in the Netherlands and haven’t used cash in about 1,5 years (except for at the wardrobe at a club) and I’m super happy that way
I purchase most of my items with cash, I use my debit card just to take my salary out and leave the rest only for direct debit for bills
Cash is King no cards, or chips for me. Mark of beast.
You all know all the money you have in your bank account is being used daily, for bank loans, etc. Why do you think you get charge a monthly fee when you have less than a certain amount? At least that's how it is at my bank.
If we go cashless there will be no more scams anymore.
Many people are saying they will turn to barter trade if cash is taken out of circulation they won't allow barter trade on the basis they can't tax it,big up from Kenya 🇰🇪🇰🇪
Keep cash-at least until everybody born before the 1990s has died.
But I'd rather keep cash around (but lose the penny).
Marlon Moncrieffe I was born in 2001 and I’m not a fan of this either, don’t exclude me!
I can’t see this happening for at least another 50-100 years, there is way too much inequality even in the developed Western countries. If you remove cash there will be a humanitarian crisis when homeless people and others who don’t have bank accounts or smartphones suddenly are financially excluded.
Can’t lose the penny. Leads to greater inflation.
@@michaelyenny7012
How so?
Marlon Moncrieffe Why not lose all coins and round the price of everything to the nearest dollar? No. It hurts the poor. You don’t how much money $1 is to some people. Some people out there live on less than $1/day.
Cashless = slavery
Liberals = dictatorship
Goose Steppa Trump = snowflake
In what way?
As someone in China this is like you clicked on a video from 5 years ago.
Videos such as this make me want 2 use cash more, not less.
What's the rush to get rid of cash?
Control!
They will be able to control you, monitor you and cut you off if you cause a issue.
There won’t be cashless fully. Too many *important* cash transactions take place
No one has ever hacked my wallet.
But someone could steal it
@@Stinkmeaner420 At least that comes with a fighting chance.
But someone could steal it or you could lose it and unlike digital money you can’t just avoid people from using your money.
@@andreaam805 i cant wait for the days when we go back to bartering chickens. MARANATHA!
cashless society means: (1) loss of electricity will always mean complete breakdown of the payment system, (2) total dependency on bank fees, (3) in case of hyperinflation, the state can shut down all escape routes, (4) increased data privacy/security risks
1:14 5 years after the release of this video, we can notice some similarities about what he is saying and the reality of the US today. Very well pointed by the correspondent of The Economist!
The young generation have been totally brainwashed to tap with their phone. My son has his phone stolen and his life was a complete nightmare. It takes a sad situation like this to realise that cash in your pocket really does get you out of trouble.
Life without cash will be a sad dystopian place. Such a shame for the people who can't see it
money will end or humanity WILL END plus 80% of all life on earth, one of these things is inevitable
It means higher taxes and government pocket checks.
“We just want to make sure your in compliance”
The wallet inspector the locals often relate to tourists.......
Been practicing this. I'm always cashless..... literal no money😂
I like cash because I can find ways to avoid taxes. Make anonymous purchases without any bureaucratic institution knowing about it. I do embrace cashless transaction, I actually am excited about it, my issue of a cashless society is that in a hypothetical future, government can freeze your bank account if you have a political opinion that doesn't conform to the state's ideology, it's been happening in authoritarian China for example.
People!! India already has done it and trust me it's so comfortable here in terms of cashless and its safe too as far it is. It's called upi technology I don't understand why developed western countries not have implemented yet!?!?!?
beggars in Shanghai carry their own QR code....
Listen to this fun happy music they play in the background as they try to get people on board with the beast's kingdom, makes me absolutely sick.
maybe we can back to gold standard. cashless makes easier to use gold standard
Its rather ironic that ``the economist`` a magazine owned and run by Rothschild is showing the repercussions of going cashless which is what elites like the Rothschild's have wanted all along.
Trying to get us use to the ideal and let us know it's coming whether we like it or not.
I don’t even understand why people even want to get rid of cash! It makes no sense!