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A Cashless Society May Be Closer Than Most People Would Ever Dare To Imagine

Most people think of a cashless society as something that is way off in the distant future.  Unfortunately, that is simply not the case.  The truth is that a cashless society is much closer than most people would ever dare to imagine.  To a large degree, the transition to a cashless society is being done voluntarily.  Today, only 7 percent of all transactions in the United States are done with cash, and most of those transactions involve very small amounts of money.  Just think about it for a moment.  Where do you still use cash these days?  If you buy a burger or if you purchase something at a flea market you will still use cash, but for any mid-size or large transaction the vast majority of people out there will use another form of payment.  Our financial system is dramatically changing, and cash is rapidly becoming a thing of the past.  We live in a digital world, and national governments and big banks are both encouraging the move away from paper currency and coins.  But what would a cashless society mean for our future?  Are there any dangers to such a system?

Those are very important questions, but most of the time both sides of the issue are not presented in a balanced way in the mainstream media.  Instead, most mainstream news articles tend to trash cash and talk about how wonderful digital currency is.

For example, a recent CBS News article declared that soon we may not need “that raggedy dollar bill” any longer and that the “greenback may soon be a goner”….

It’s what the wallet was invented for, to carry cash. After all, there was a time when we needed cash everywhere we went, from filling stations to pay phones. Even the tooth fairy dealt only in cash.

But money isn’t just physical anymore. It’s not only the pennies in your piggy bank, or that raggedy dollar bill.

Money is also digital – it’s zeros and ones stored in a computer, prompting some economists to predict the old-fashioned greenback may soon be a goner.

“There will be a time – I don’t know when, I can’t give you a date – when physical money is just going to cease to exist,” said economist Robert Reich.

So will we see a completely cashless society in the near future?

Of course not.  It would be wildly unpopular for the governments of the world to force such a system upon us all at once.

Instead, the big banks and the governments of the industrialized world are doing all they can to get us to voluntarily transition to such a system.  Once 98 or 99 percent of all transactions do not involve cash, eliminating the remaining 1 or 2 percent will only seem natural.

The big banks want a cashless society because it is much more profitable for them.

The big banks earn billions of dollars in fees from debit cards and they make absolutely enormous profits from credit cards.

But when people use cash the big banks do not earn anything.

So obviously the big banks and the big credit card companies are big cheerleaders for a cashless society.

Most governments around the world are eager to transition to a cashless society as well for the following reasons….

-Cash is expensive to print, inspect, move, store and guard.

-Counterfeiting is always going to be a problem as long as paper currency exists.

-Cash if favored by criminals because it does not leave a paper trail.  Eliminating cash would make it much more difficult for drug dealers, prostitutes and other criminals to do business.

-Most of all, a cashless society would give governments more control.  Governments would be able to track virtually all transactions and would also be able to monitor tax compliance much more closely.

When you understand the factors listed above, it becomes easier to understand why the use of cash is increasingly becoming demonized.  Governments around the world are increasingly viewing the use of cash in a negative light.  In fact, according to the U.S. government paying with cash in some circumstances is now considered to be “suspicious activity” that needs to be reported to the authorities.

This disdain of cash has also grown very strong in the financial community.  The following is from a recent Slate article….

David Birch, a director at Consult Hyperion, a firm specializing in electronic payments, says a shift to digital currency would cut out these hidden costs. In Birch’s ideal world, paying with cash would be viewed like drunk driving—something we do with decreasing frequency as more and more people understand the negative social consequences. “We’re trying to use industrial age money to support commerce in a post-industrial age. It just doesn’t work,” he says. “Sooner or later, the tectonic plates shift and then, very quickly, you’ll find yourself in this new environment where if you ask somebody to pay you in cash, you’ll just assume that they’re a prostitute or a Somali pirate.”

Do you see what is happening?

Simply using cash is enough to get you branded as a potential criminal these days.

Many people are going to be scared away from using cash simply because of the stigma that is becoming attached to it.

This is a trend that is not just happening in the United States.  In fact, many other countries are further down the road toward a cashless society than we are.

Up in Canada, they are looking for ways to even eliminate coins so that people can use alternate forms of payment for all of their transactions….

The Royal Canadian Mint is also looking to the future with the MintChip, a new product that could become a digital replacement for coins.

In Sweden, only about 3 percent of all transactions still involve cash.  The following comes from a recent Washington Post article….

In most Swedish cities, public buses don’t accept cash; tickets are prepaid or purchased with a cell phone text message. A small but growing number of businesses only take cards, and some bank offices — which make money on electronic transactions — have stopped handling cash altogether.

“There are towns where it isn’t at all possible anymore to enter a bank and use cash,” complains Curt Persson, chairman of Sweden’s National Pensioners’ Organization.

In Italy, all very large cash transactions have been banned.  Previously, the limit for using cash in a transaction had been reduced to the equivalent of just a few thousand dollars.  But back in December, Prime Minister Mario Monti proposed a new limit of approximately $1,300 for cash transactions.

And that is how many governments will transition to a cashless society.  They will set a ceiling and then they will keep lowering it and lowering it.

But is a cashless society really secure?

Of course not.

Bank accounts can be hacked into.  Credit cards and debit cards can be stolen.  Identity theft all over the world is absolutely soaring.

So companies all over the planet are working feverishly to make all of these cashless systems much more secure.

In the future, it is inevitable that national governments and big financial institutions will want to have all of us transition over to using biometric identity systems in order to combat crime in the financial system.

Many of these biometric identity systems are becoming quite advanced.

For example, just check out what IBM has been developing.  The following is from a recent IBM press release….

You will no longer need to create, track or remember multiple passwords for various log-ins. Imagine you will be able to walk up to an ATM machine to securely withdraw money by simply speaking your name or looking into a tiny sensor that can recognize the unique patterns in the retina of your eye. Or by doing the same, you can check your account balance on your mobile phone or tablet.

Each person has a unique biological identity and behind all that is data. Biometric data – facial definitions, retinal scans and voice files – will be composited through software to build your DNA unique online password.

Referred to as multi-factor biometrics, smarter systems will be able to use this information in real-time to make sure whenever someone is attempting to access your information, it matches your unique biometric profile and the attempt is authorized.

Are you ready for that?

It is coming.

In the future, if you do not surrender your biometric identity information, you may be locked out of the entire financial system.

Another method that can be used to make financial identification more secure is to use implantable RFID microchips.

Yes, there is a lot of resistance to this idea, but the fact is that the use of RFID chips in animals and in humans is rapidly spreading.

Some U.S. cities have already made it mandatory to implant microchips into all cats and all dogs so that they can be tracked.

All over the United States, employees are being required to carry badges that contain RFID chips, and in some instances employers are actually requiring employees to have RFID chips injected into their bodies.

Increasingly, RFID chips are being implanted in the upper arm of patients that have Alzheimer’s disease.  The idea is that this helps health care providers track Alzheimer’s patients that get lost.

In some countries, microchips are now actually being embedded into school uniforms to make sure that students don’t skip school.

Can you see where all of this is headed?

Some companies are even developing RFID technologies that do not require an injection.

One company called Somark has developed chipless RFID ink that is applied directly to the skin of an animal or a human.  These “RFID tattoos” are applied in about 10 seconds using micro-needles and a reusable applicator, and they can be read by an RFID reader from up to four feet away.

Would you get an “RFID tattoo” if the government or your bank asked you to?

Some people out there are actually quite excited about these new technologies.

For example, a columnist named Don Tennant wrote an article entitled “Chip Me – Please!” in which he expressed his unbridled enthusiasm for an implantable microchip which would contain all of his medical information….

“All I can say is I’d be the first person in line for an implant.”

But are there real dangers to going to a system that is entirely digital?

For example, what if a devastating EMP attack wiped out our electrical grid and most of our computers from coast to coast?

How would we continue to function?

Sadly, most people don’t think about things like that.

Our world is changing more rapidly than ever before, and we should be mindful of where these changes are taking us.

Just because our technology is advancing does not mean that our world is becoming a better place.

There are millions of Americans that want absolutely nothing to do with biometric identity systems or RFID implants.

But the mainstream media continues to declare that nothing can stop the changes that are coming.  A recent CBS News article made the following statement….

“Most agree a cashless society is not only inevitable, for most of us, it’s already here.”

Yes, a cashless society is coming.

Are you ready for it?

  • Ranger

    2 things:
    The biggest mistake I ever made was allowing my FORMER employer, the U S government to do the digital fingerprinting and retinal eyescan on me. I should have called in sick that day.

    Using cash. I knew that withdrawing over $10k in cash from a bank required paperwork. Recently, I learned the hard way that depositing over that amount would generate a SAR. I had been saving cash in small bills in case of an emergency. It came to a point where I found a G.O.O.D. vehicle that I wanted to buy. Knowing that the dealer would flip if I took in cash, I made a deposit into my bank account and moved some money between accounts so I could write the check and pay for the vehicle. *****, what a mistake. The cashier casually asked questions why they TRIPLE counted the money. Is my address curent? verify the address, verify my phone number, verify …, who do I work for? After a couple of the questions I realized TOO LATE what was going on. No need picking up the money and leaving as that would really raise suspicions. Learn from my mistake folks. As I frequently tell my family members, “I’m a good example of what not to do.”

    • OldPhart

      I am the corporate controller for a small mining, ready mix, steel and steel fabrication conglomerate of companies. I go tothe bank routinely with deposits.

      Up until our bank acquired common sense, I would have to submit to their questions. I took that task on gleefully. They have to take your answer as your give it. They are not allowed to verify, go through your wallet, check anything. They can only rely on what you tell them.

      At times I’ve been Superman, Batman and Osama Bin Laden. For a while my name was George W Bush. My occupation varied from international arms dealer to terrorist to gay porn fluffer. Deposit sources were from drug dealing, an assassination, counterfeiting profits and male prostitution (and I’m am no beauty by a long shot).

      I think my answers greatly assisted the bank in acquiring basic common sense. To date I’ve never had the Secret Service or the FBI show up…though they may have run me through some scan in the background.

      My son makes extremely big bucks as a military contractor. He has had me go and withdraw $20 to $30 thousand in cash at times just for the hell of it. I give the same song and dance, and still have never had anyone show up to check on me.

      I went to a Ford dealership on his behalf and ordered an F-300 with the works and put down $30k in cash. I made four people count it. Two weeks later I put another $20k down. They agreed to finance my son for the balance of about $6k.

      My point is, don’t be intimitated by the functionaries and bureaucrats…embrace their imbacility and have creative fun.

      If the law ever does show up, make them prove that you’ve committed some harm.

      Never give up, never give in, resist with all your might.

      Spit in their faces.

      • Abob

        I absolutely love the way you think, articles like this make my, sometimes, over paranoid brain spin it’s wheels. I’m gonna have a good day now, thank you man!

  • mondobeyondo

    Remember when “cash was king”? The feeling of a crisp new dollar bill in your hand? (back in the days when a dollar was actually worth something)

    It wasn’t all that long ago. I remember walking to a nearby video arcade on Saturday afternoons back in 1981 and playing Pac-Man for a couple hours for just $5.00.

    Those days appear to be long gone, sadly…

  • Marc

    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: 17And 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.

    • Wake up

      Choose LIFE or DEATH…

  • http://crossworksme.com Big M

    Well brother, we both know where this is going… but we also know where we’re both going. But sadly many don’t know their fate. So taking on “The Mark” will only make sense to them. Amazing how scripture continues to unfold before us.

    Revelation 13.

    • Whens Dinner?

      Yeah man. We both know where Michael’s article ends. You can read the ending in a book called Revelation. This is when God “reveals” himself to man once again, but he isn’t arriving on a donkey like last time.

      • uncurable wound

        Amen brother.

        11I saw heaven standing open and there before me was a white horse, whose rider is called Faithful and True. With justice he judges and makes war. 12His eyes are like blazing fire, and on his head are many crowns. He has a name written on him that no one knows but he himself. 13He is dressed in a robe dipped in blood, and his name is the Word of God. 14The armies of heaven were following him, riding on white horses and dressed in fine linen, white and clean. 15Out of his mouth comes a sharp sword with which to strike down the nations. “He will rule them with an iron scepter.”a He treads the winepress of the fury of the wrath of God Almighty. 16On his robe and on his thigh he has this name written:
        King of Kings and Lord of Lords.
        Sounds like playtime is over.

  • David Gurney

    Cash is the root of all evil.Most of our economic problems will be solved by going cashless.Violent crime,illegal aliens,tax evasion.and many other problems would be dramatically reduced.This is win -win.

    • Whens Dinner?

      The LOVE of money is the root of all evil. Money itself is actually good, but the LOVE for money is the root of all evil. Thats one problem with today, you got alot of people who LOVE money more than their family, and more importanly they LOVE their money more than God.

    • Gary3

      Baaaaa! Baaaaa!!

    • Kelby

      I assume you’re one of the Pharisees being brainwashed by the mainstream. Let me give you a sound education: READ THE CONSTITUTION!

      Using this kind of technology to perpetually monitor us is breaking our Fourth Amendment rights – NO UNREASONABLE SEARCHES AND SEIZURES! Not to mention, this government has been abusing our rights for YEARS, and its not getting any better. You cant sue the military, and if you sue any other government department (like the IRS), YOU WILL NOT WIN. A real government keeps itself small, respects its citizens and their rights, and can and WILL be held accountable for everything they do. Obama recently passed a bill that will let him control food, water, energy, everything at his own discretion alone, leaving Congress out of everything! Is that not HORRIFYING!! So he could easily order severe rationing so thered be little to NO food!! People would starve and die but he would never be accountable to us, the People, anymore! This is making our Founding Fathers turn in their graves.

      And no, a cashless society WILL NOT SOLVE THOSE CRIME PROBLEMS. The REAL SOLUTION IS FREEDOM. Close the Mexican border COMPLETELY, STOP ALL WARS AND CLOSE ALL MILITARY BASES AND KEEP OUR TROOPS HERE WHERE THEY BELONG, remove government altogether from the economic department (the TRUE definition of capitalism), and reduce the size of the federal government to only be used to protect our rights (AFTER we take those losers out, of course). This should reduce the government expenses enough to remove some federal taxes, especially the income tax. THESE are the REAL solutions to all our problems – not constant regulation and surveillance which can and WILL be used against us.

      And i dont know if you’re religious, but if you are, you should KNOW that the RFID chips and tattoos are THE MARKS OF THE BEAST, which will come in the endtimes, in the days of the Antichrist. No chip/tattoo, no trade! (See TRAY2000’s post below)

    • Ron

      The LOVE of money is the root of all evil –
      I Timothy 6:10

    • Karycoo

      “For the LOVE of money is a root of all kinds of evil.” 1 Timothy 6:10

    • Nancy

      David, Wrong! No matter how it goes the cheats will always be working ways to cheat others.As an Ebay top Rated seller, I’ve seen it. Buyer uses credit card or debit to pay for an item. I follow the rules for my own protection and ship with insurance and tracking to I can be sure the item arrives. Buyer get it, leaves fantastic feedback and then within a month files unauthorized use against me with their card issuer. PayPal will investigate but since I’m covered by them since I followed their guidelines, they end up eating the lose and the buyer gets free merchandise. Happens all the time.Sister works for another financial company and has to warn clients filing unauth use that if they are lying they can have their accounts closed and lose their card. Does it happen, NO!No matter what way, the cheats are always there and will find a way. At least with cash in person and item sold as-is, I know they can cheat me. Ever sell a car in a private party sell? Usually, if you are smart, cash or cashier’s check (which can be faked)Cash is the only way you have to keep from being cheated.

    • mace01

      David,
      We just lived through a period where Wall Street inspired criminals looted the entire nation without ever stealing a dollar in paper money. Did you forget the realestate bubble? did you forget the mortgage fraud on a biblical scale?

      This kind of nonsense (a cashless society) will not eliminate crime. It will only shift the criminals. The banksters will be the “new” mob. The elite will thighten the contol of the mindless masses.

      Have you not been reading of the billions stolen electronically over the last years?

      You comments are naive at best and ignorant at worst.

  • http://theeconomiccollapse TRAY2000

    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.

    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. hebrew translation WWW.

    • Whens Dinner?

      And when you see these things begin to take place ? What do you do? You stand up and lift up your heads because your redemption is drawing near. Praise God!

  • whteshark

    Nope, I’m not ready for it. If you love freedom and less government you should absolutely hate this idea of a cashless society.

    It means the complete death of liberty.

  • sistrunkqueen

    When I was in Sweden in 2010, I took the local bus around. Passengers had to use a bus card or debit card to ride. I’d never seen anything like that in the US. When I got home I checked my debit transactions during my trip and they were all there.
    When I lived in China, it was totally different. Everything is in cash or coins. The bus system was all coin and cash. I recently read on Chinasmack.com that some transit systems pay their employees in small change from the fares.

    I don’t think China or any other cash based society will jump at a cashless society too quickly. That’s my two sense.

    I have been reading this blog for years and this is my first post. Thanks for all that you do.

    • Michael

      I hope that you will comment more often. :)

      Michael

  • john nobody

    First off, in Italy there’s a very good reason why cash transactions have been limited to the equivalent of $1300. Italy is one of the collapsing countries of the Euro and there were the beginnings of a bank run going on so the prime minister of Italy mandated no cash withdrawals greater than US $1300 to ensure banks weren’t going to collapse.

    Secondly, the U.S. government wants people to pay electronically because it’s easier to track. In fact they’re working on just such a system now called the Internet Identity Ecosystem where the government can easily track all of your transactions and life history from birth to death. Check it out here: http://www.thedailysheeple.com/obamas-proposed-internet-identity-ecosystem_122011 and here are the supporting docs on scribd. http://www.scribd.com/Peptum72

  • matt

    I don’t know… the thought of being tracked and (read) every moment of every day.. ****** it makes my skin crawl. I am a very private man, cause no one greaf, mean no one any harm. being shoved in that direction might make me rethink my pacifist ideals

    • Tapper P.

      If you have a mobile phone, everywhere you go or have been for the last 2-3 years is specifically kept and stored.

      There is no need for a ‘mark’, a chip, or whatever. The mobile phones that sheeple already treasure performs all those functions.

      In the not too distant future – a couple decades at most – there will be a new hybrid human species. Either via modified genes or cybernetics. The old humans, like we are now, will be considered a lower species; possibly as pets.

      Darpa and the Global Information Gig (GIG) quietly going online will be the first step in that direction.

  • mark

    Let’s see where this could go. After we have a riff chip in our arm the next generation will be in the brain and the control freaks will have a field day with us. You could be snuffed out with a filp of a switch if you don’t act the way the government control freaks want. Thanks , but I vote to keep some paper around or at least gold and silver.

  • jeremy

    Revelation 13:16 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: Revelation 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. Revelation 13:18 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. (666) Jesus us coming, receive him today tomorrow can be to late!

    • Gary2

      I was waiting for someone to throw the old beast crap in here. You did not disappoint!

      I thought it was the mark of Gog but then would not Magog get jealous???

      • Wake up

        Educate yourself Gary2 Your LIFE depends on it. Don’t mock GOD or His WORD!!!

  • Bill

    Sure hope the supremes get it right tomorrow. It’s time for some good news.

  • http://EconomicCollapse Already Gone

    RFID Tattoo on Me? That Will be The day Hell Freezes Over. As For a Cashless Society I Don’t have any money anyway so I should be able to make the transaction quite smoothly.

  • http://yahoo.com richard swank

    I READ THIS ARTICAL WITH GREAT INTREST. I DON’T HAVE A ATM CARD AND I VERY RARELY USE CREDIT CARDS UNLESS I HAVE TO. AIR FARES, HOTEL RENTAL, OR RENTING A CAR, YOU HAVE TO HAVE ONE. I BELIEVE IN PAYING CASH. I TAKE AS MUCH AS I WANT OUT THE BANK AND PUT IN AS MUCH AS I WANT. I DON’T DON’T CARE WHAT THE BANKS DO OR THE GOVERNMENT DOES. I BELIEVE WHEN YOU BUY SOMETHING WITH CASH IT’S YOURS. YOU DON’T HAVE TO WORRY ABOUT SOMEONE NAGGING YOU FOR A PAYMENT. AS FAR AS CASHLESS IT SCARES ME. REMINDS ME OF THE MARK OF THE BEAST. SOMETHING TO THINK ABOUT.

  • tappedops

    Yesterday i got change back and there was a 1972 kennedy half in my palm in perfect condition… i kept spinning it in awe… whens the last time you saw one…

  • Concerned

    Hey, I love your blog and read it every day. I wanted to add something you may be missing. I am presently working for the U.S. Military at a deployed location. Soldiers, Sailors, Airman and Marines are already laying the groundwork for the “Cashless Society”. We are already using “Chips”, however, these chips are “Smart Cards” with chips on them. It is called the “Eagle Cash Card”. As with most technology that the government employs, they are trying it on the Department of Defense in areas not in plain site of regular civilians. The “powers that be” are very keen on using something called “Successive Approximation”. Basically, in layman terms “Baby Steps”. I don’t think they are going to the implants immediately (It’s still to Sci-Fi like for most people and too creepy for others). I truly believe they are going to use “Smart Cards” first. They already are using them. I know this because I have one and the Federal Reserve Bank of Boston conveniently manages it. We basically use it as anyone would use a standard Credit Card, however, the funds come directly from our bank accounts. We can load funds on it and immediately use it at every vendor. We can also transfer funds among each other (From Soldier to Soldier). We just need to go to Eagle Cash machine to make the transfer and/or check the balance. Every time we make a purchase even if it’s a 50-cent pack of gum, we run the card. In fact, I haven’t seen a U.S. dollar or any other currency other than the host nations in more than a year. I have been using it for more than three years now at an undisclosed location in the Middle East. A quick search on the Internet and you will find what I am saying is true or you can ask a returning Soldier, Airman, Sailor or Marine and now “a Contractor”. Keep up the good work.

    • Michael

      Concerned:

      Very, very good comment. Thanks for letting us know what is going on.

      Michael

    • hefsmaster

      Whens the RV… lol

    • prepply

      wow! Thanks for the info – I had no idea this was already being used. Very informative…

  • Emily

    In the future, you are in a check out line using the card swipe to pay for your purchases. The machine ask you, Mr. ………, who are you going to use these condoms with? Are you sure you really want to buy this large bottle of bourbon when you know you will need Viagra and have you told her about ………. ?
    As a computer scientist, I can guarantee that some one will be able to compile every bit of information about you. Someone will find a way to electronically steal from the system and if your ever try to speak out against anything or anyone, you will become homeless and starve for lack of funds. And as a Jew, the whole tattoo thing……..well

  • Sid Davis

    A cashless economy does not preclude gold and silver being the money we use. If you keep your gold and silver coins on deposit with some institution that allows electronic transfer or “paper check” transfer of your deposit on your instructions, then you could pay for goods and services just like you do today when you write a check, use a debt card, or authorize and ACH transfer. The only difference would be the money you are transferring would be real money if we outlawed fractional reserve banking and Congress followed Article 1, Section 8, which authorizes them to COIN money and the States followed the Constitution, Article 1, Section 10 which prohibits the States from making anything but gold and silver COINS legal tender.

    As long as a cashless economy did not prohibit gold and silver coins or require cashless transactions, I think it would be a great system. The problem is not “cashless” but government mandate of it, and government basically outlawing gold and silver money in favor of bank credit that is created out of thin air and loaned into circulation at interest to be used as money.

  • http://goldenladyfun.blogspot.com Pat

    Why is Sweden like the star ship Enterprise? Sweden is almost a cashless society. Having lived there I speak from experience. If you want to know what is coming just look at Sweden or Denmark on the one hand or Africa on the other. Its called the carrot or the stick routine.

    I hate to pop your bubble but Sweden is not this wonderful society of large breasted blonds. That is a myth like so many other things. Sweden is a country whose people pay at least 50% income tax and more. It has a King and Queen. Swedes are known for their religious consumption of alcohol. (Don’t believe me? Denmark has laws against drunk Swedes in the main train station.)

    All the liquor stores are owned and operated by the government. Many Swedes are obese, depressed, take anti-depression medication and are incredibly boring.

    Read this article to see how Sweden is supposed to be so advance because they are going to a “cashless” system just like Denmark and Norway. In Denmark the card is called “Dankort”.

    http://www.huffingtonpost.ca/2012/03/17/sweden-cashless-money-paper-coin_n_1355255.html

    I believe you can expect that one day soon the cashless society will be offered to you in America as a solution to the Fed. It is not a solution but a trap to give you less control over your own destiny and hand more control of your money and labor to your government.

    The “Free Medical System” they talk about is another trick. They use this system to force everyone to have to register where he lives just as they do in Scandinavia. Every Scandinavian must carry a medical card that has a number and tells everything about them. This is the way that the government can keep track of who is where and can decide who to help and who to eliminate. I know because I used to live in that system. I know how the system works.

    In Scandinavia, you will see no retarded kids, no autistic kids and few old people. The Scandinavians hide their mistakes from public view and prefer to talk about how they are the friendliest, happiest most kissing people on the planet. (Are we talking about the same people?).

    Breast Cancer is through the roof. Infertility is through the roof. Food is all GMO and despite plenty of information to the contrary, cell phones, they call mobile phones, are promoted as the end all be all of the society. They have more cell towers than pay phones.

    The idealistic vision as portrayed on “Star Trek” is nothing more than the United Nations masquerading as The Federation Of Planets. They use Sweden, Denmark and China as their show pieces of what can be accomplished by centralized government control. But what about “Freedom”, “Liberty”, “self-reliance” and “Independence”? What about “Individualism”? These concepts are non-existing in the 24th Century just as they are nonexistent in Scandinavia, China and were absent from the Soviet Union.

    Has anyone seen what the U.N. has done in Africa? Why is the U.N. there killing, sterilizing and trying to control the wealthiest place on Earth. Could it be because they want to control all natural resources such as water, air, copper, silver, gold, etc. could it? Mind you the U.N. has announced last week that they own all fresh water resources on the planet.

    We are not cows to be taxed and then butchered. We are humans made in the image of God and should not be herded like goats but left alone. Try telling that to Captain Jean Luc Pickard.

    No, they can not leave us alone. After all without us there would be no need for them. Sure Star Trek is a nice propaganda show about their wonderful new world. But the fact is we already know what they want to do. We do not like what we see. Is Ben Bernanke part of the old worn out Hegelian Dialectic. Problem, Reaction, Solution. Or is he just incredibly misinformed? Beam Me UP Scotty. This place is full of Swedes.

    To learn more about your financial world go to: http://goldenladyfun.blospot.com

    • dph

      Very interesting and informative post. Thanks.

  • JustanOguy

    Michael,

    This post is completely off in my neck of the woods in Las Vegas. Deals done are being done with all cash. The average person in Vegas only trusts cash…

    Been that way for years… As for the rest of the article.. Kind of fell asleep.

    Cheers…

  • Michael

    Cash is closely related with ….. CONFIDENCE in coins and notes which represent the country.

    A cashless society will be a society with still a true lack of confidence in each other.

    But a cashless society is unfortunatly necessary, because there is too much “virtual money” in the world : Jump into a virtual money society is a way to avoid a dramatic and very long deflation worldwide

  • Paul

    In China and Germany you don’t get far without cash.

    In China, people buy houses and cars with cash. The largest bill is RMB 100, so you need to carry a lot when paying for a RMB 2,000,000 home.
    20 years ago it was faster by a week to withdraw a million from one bank, then take it by car to the next city and deposit it at another bank, than just doing a wire transfer.

    In Hong Kong you can use the Octopus card. The Octopus can hold a maximum of HK$500 and is used to pay for public transport, swimming pools and in convenience stores and supermarkets. But the Octopus is anonymous. It’s like cash on a card. If you lose it, it’s gone. But it can’t be traced to you.

    In Germany credit cards are not widely accepted. And not all ATMs give you cash, even if they claim to accept VISA or PLUS or MASTER or all of them. When you travel to Germany, better fly via Paris or Amsterdam and get some Euro at those airports.
    The largest bill in Germany is EU 500, but most businesses will not take them.

    I use mostly cash. Then I don’t have to explain at home what I used the money for! I get 200 from the ATM and then spend until it’s gone and then get the next 200.

    And for the case that the ATM doesn’t work, I have various stashes of cash in small denominations around the house.
    And small change for the bus.

  • Paul

    “The big banks earn billions of dollars in fees from debit cards and they make absolutely enormous profits from credit cards.”

    But only when you don’t pay off those credits.

    In my first days of using a credit card I only paid the minimum amount and got the huge surpreise the next month when they started to earn interest on the leftover.

    Then I changed to immediate pay-off of everything. Since 20 years I didn’t pay any interest for credit cards.

    That’s why banks started to cancel credit cards in 2008 for those customers who always paid their bills in time and never had to pay interest.

    • Rainy Day Saver

      Paul – they also make money on the transaction fees that they charge stores.

    • prepply

      lol – I had the same problem and now have no credit cards. Most people are not like that at all and rack up huge debts which never get paid off and they pay tons of interest… At some point it will severely impact their way of life. They have no idea how freeing it is not to live paycheck to paycheck…

  • TX4Life

    I try to never get $100 bills. Can’t tell you how many times I’ve been treated like a criminal for trying to pay with a $100 bill. The same business that will give you a $100 bill cash back on your debit card will scrutinize you like crazy when you try to pay for merchandise with the same bill. Also, Tricare, the military’s medical insurance, recently sent us a letter that said they would no longer accept checks as payment for quarterly premiums. We can only pay by credit card or a monthly allotment from our bank account.

    • prepply

      $100! I can barely unload a $50! Most of the time I am refused service completely unless I have a smaller bill… And if they do accept the $50 – it has to be not only marked with that counterfeit pen ink but has to be then approved by a manager for acceptance.
      [It is annoying because our local atm recently switched to distributing $50 bills instead of $20 bills… lol I should probably just start withdrawing $40 at a time!]

  • Eric V. Encina

    Debt-Free Money Creation and Dividend To Every Citizen Can Ignite and Revive Hope In the Philippines

    CASHLESS SOCIETY IS OKEY SO LONG AS THERE IS ENOUGH FLOW AND CIRCULATION OF MONEY AROUND TO KEEP US ALIVE.

    By Eric V. Encina

    We’re supposed to be born free, but now become virtual slaves of debt and usury! We have the universal rights to be free again.

    The Philippine Government ( also applicable to any government in the world) should take up its responsibility to create the money debt free by legislation, and therefore, as a democratic country in the South-East Asia, the only claimed to be Christian nation in the region, should lead by example to implement ECONOMIC DEMOCRACY – the financial-economic policies to provide a guaranteed economic security to every Filipino citizen as a matter of economic rights without condition and discrimination in the form of NATIONAL DIVIDEND or extra basic income to be financed interchangeably by taxation, if possible, not from taxes, and not from any domestic or foreign borrowings, but from the NEW CREATION OF MONEY DEBT FREE.

    The Government-Created-Money by legislation, by popular Filipino people’s demands through the facilities of STATE-OWNED CENTRAL BANK (the necessity to reverse the central banking policies and amend the Philippine Constitution) and or public banking schemes can ignite and revive HOPE to Philippines to eliminate unnecessary domestic and foreign debts, interest payments, taxes, poverty, hunger, crimes and environmental destruction at already at calamitous proportions.

    Debt-free money creation the Government can kick-start the blossoming of provincial and regional economies without tensions, pressures and violence.

    The rightful and unconditional provision of dividend to every Filipino citizen, father, mother and child, annually, let say, a proposal, at the rate of $1,000 in the Philippine Peso value of P43,000 more or less can certainly reap with considerable benefits and can help the household’s buying power with dignity and prosperity.

    If the Philippine Government and the people as a whole remains to be in the trap and chains of debt and in the dungeon of usury, of continuing devaluation of currency versus other world currencies, burgeoning and bloating budget deficits, we will, for certain, continue to be in the vicious cycles sliding back and forth with long-term effects down to the next generations, into dehumanizing levels of poverty, of hunger, starvation, of chaos, violence, corruptions, devastations and man-made apocalyptic events even in the age of global plenty in the 21st century.

    The financial economic welfare of the Filipino citizens is the major responsibility of the Government where leaders are elected for public service and trust. The Government exists for the citizens, and not citizens for the Government.

    Our wealth is for all, without exceptions and discrimination. Money creation that converts to monetary wealth must be based on facts and the reflection of PEOPLE’S WEALTH and money. Our economic system should be based on economic bill of rights, of authentic human rights approach, a philosophy to back up reality, of justice, solidarity, of brotherhood, of equality with theology of charity, mercy and compassion to appreciate the human dignity of everyone and the love and adoration and our appreciation to OUR CREATOR Who created everything for us as PRO BONO, the Author of Life and its diversities and the Owner of All Universal Wealth seen and unseen.

    We’re all definitely imbued with a certain responsibility, by remorse of conscience, to help effect for change from the oppressive system to system where everyone will be secured, justly guaranteed and prospered without compunction of heart and scruple of conscience, and moral regrets, without fear and above all free from any of God’s wrath.

    There is enough wealth for everyone in the world with all material indisputable evidences if only there is justice and charity in the minds and hearts of men. There is no any valid reason for the lack of money.

    I welcome comments, suggestions and correction.

    Please do not be oblivious of our plight in the Philippines for the quest for financial-economic justice.

    Please continue to back up with all ideas, proposals and whatever you can extend that can help to keep going.

    Eric V. Encina
    Filipino Social Credit/Monetary Reform/Economic/Monetary Justice Campaigner
    Philippines

  • Greg

    What about simple problems that might occur such as…the magnetic strip not working. Machines are prone to malfunctions but material things such as paper money are foolproof, as long as you have them in your wallet. That’s what gives me the heebie jeebies first and foremost about things supposed conveniences. The same reason I hate cellphones, batteries go dead, more BS to deal with for “convenience”. They’ll take my dirty nickles when they pry them from my cold dead hands!

  • Samantha

    The mark of the beast…..

  • Sailor Trash

    A lot of us boat people do business almost exclusively in cash; even more common is barter and trade (“Will work for beer or boat parts.”). The grey market is not going away anytime soon.

    • Benjik

      Agreed. If anything, the “grey” market is picking up steam. I have noticed several small-business owners in our immediate area advertising the trading of services for goods, ie; contractors, auto repair shops, landscapers, etc. doing work for campers, boats, motorcycles, land or just about anything of value. THIS is the face of the economic “recovery”…..

  • Jodi

    I’ve really never thought about how quickly we are being converted to this system. I’m not really comfortable with it. I like the idea of having cash on hand for emergencies.

  • lisaloolibell

    I had an overnight stay at a hotel in the UK with my husband and 2 kids recently. When we attempted to pay with cash we were immediately under suspicion and had to hand over I.D. to prove we were who we said we were!

    • Benjik

      Upon presenting cash recently at a hotel here in the good ‘ol U.S. we had to agree to let them make photocopies of I.D., auto registration and insurance info. I was waiting for them to whip out a cotton swap and ask for a DNA sample….

      • Benjik

        Sorry, cotton SWAB. :)

  • Donald Wilson

    The end is rapidly approaching. Good luck. God speed.

  • estamos jodidos

    Michael,

    thank you for your efforts in getting out the word on these types of issues.

    I would like to ask folks to stop for a moment, and look around at what is going on….

    I just have 2 questions:

    1. What the hell are we doing?
    2. Why the hell are we doing it?

    ej

    • Uncle Sam

      Muy jodidos, hermano.

      But the markets will not allow for cashless. The major debt instruments are bearer instruments. Bonds, stocks and letters od credit will be around, so will gold and silver, for they have value worldwide. Don’t forget forex, either.

      Cash ain’t going anywhere

  • Alfons

    I like chicken

  • European

    Well. I think the government won’t fight the cash so hard.
    Why?
    Because when you prohibit the cash, the gray economy wont disappear. Drugs still will be here. So the prostitutes. And tax “crimes”. Some providers of certain services will still prefer to give you a discount if you’d pay cash without an invoice.
    If you remove government’s fiat cash from our lives, something will replace it. The (gray) market will find an alternative, new media of exchange. And that’s government’s nightmare! Their fiat counterfeit “money” no longer preserve the value and now it would also lose the exchange role. People would spontaneously start using something else, perhaps silver coins. FED would lose it’s monopoly.

    No, they won’t be that strong in their anticash war…

  • Leigh

    Such a timely post. I live in Canada where the government announced yesterday that they are getting rid of the penny. Starting this fall, the penny will no longer be a denomiation…so get ready for the cost of everything to increase 1 to 4 cents per transaction!

  • W. R. Flynn

    Like many in the USA, I am already tracked constantly simply because I carry an smartphone in my pocket, the records for which are readily available to law enforcement and non-federal law enforcement government agencies. But I’m not too concerned about that, and this is why:

    The recent shift to increasing complexity in economic transactions combined with the crushing adverse economic impact of oil depletion will lead us to our demise long before tracking becomes problematic for most people. What happens when the looming wave of bank closures strikes? History shows that there is nothing that can stop this process from unfolding when a nations economy weakens sufficiently, like ours is doing. When the funding available to the FDIC is insufficient to cover the losses, thereby keeping the banks open a little longer and the cards working, transactions based on impacted banks cease.

    What if it’s a large wave of bank closures? The remaining banks will probably experience runs. A bank holiday, which usually occurs in this case, will be out of the question because they must remain in operation to cover electronic transactions.

    How will the nations fleet of trucks, needed to satisfy our just-in-time delivery system, get fuel if the drivers’ debit cards don’t work? Oh, just wait until the miles-long fuel queues occur, and they are coming. With peak oil striking (in 2005) it’ll only be a matter of time before we get mandated fuel rationing and that means either long queues, prohibitively high prices or both. Ask anyone over 55 if they remember what they were like. And that was a small taste of what’s coming.

    If the electronic banking system dissolves, and it could dissolve overnight, Americans could wake up to a very frightening new day … and there will be no turning back from the unfolding chaos the new day will bring.

  • http://www,Back2theLand.com Old Timer

    The problem in a cashless sopciety as big as the USA is the older gene4ration who are not programed to use computers and I Pads for transactions. THen there are those, like me and many of the commentators, in this article who do not want to be a 666.

    Unless there is a complete world wide depression and wars etc there will be progress in this direction and I will have to live in a cave.

    The 10K trasactions in a bank that require informing the government were lowered to 5K and in my community the bank tells me it is 2K NOW. The paper currancy under my mattress will be still good for a number of years although this does promote thinking towards silver coins. Actually I am gambeling on trade items with my neighbors and I stock up for my needs for certain emergencies such as food, tools, seeds and sorts I have always talked about.

    Old Timer: http://WWW.Back2theLand.com

  • bob smith

    Going cashless won’t change anything for the better. If they use your fingerprint for ID, the bad guys will cut off your finger. Retinal scan, they’ll rip out your eyeball. Implant a chip in your arm, they’ll cut it off. Robberies will only get more violent.

    And as far curtailing counterfeiting is concerned, sadly, the biggest counterfeiter of all is the FED, who are already creating all the phoney money they want and diluting the value of our cash. Going cashless will only make it easier for the international banking cartel and the FED to create new money whenever they want, and make us all poor while they get richer.

  • Rancher

    Seems to me one first needs a dependable power grid in place to run said system…electronics needs electricity… power grid=electronics capable. Being so much of the world is and will remain off the grid so will the cashless system.

    It could come to pass in some more developed areas but if one travels away from there to a more remote location you will need the coin.

  • mondobeyondo

    Mega Millions jackpot is now at $640 million. Getting my plans in order.

    $6.50…… Big Mac Combo
    $120,000…. Porsche
    $639,000,000…. Haiti

    And yes, I would have enough cash to make all the payments.

    Heheheheee.

    • mondobeyondo

      Trying to choose whether to buy Sweden, Tahiti or Haiti if I win.
      I’ve changed my mind. I’m buying both Tahiti and Haiti. Sorry, Sweden.

      • mondobeyondo

        On second thought… I might just get solid gold butt implants. Then, I can tell everyone to kiss my golden as…..

        Never mind. That’s not a good idea.

        • uncurable wound

          Bro ,lay off all that cough syrup in the morning…LOL

          Stick to the islands…You could invite Gary2

          Utopia!
          ROFL!!

          • mondobeyondo

            Um, don’t know how the new Republic of Gary2Beyondo would work out. We might start fighting over the coconuts in our South Pacific paradise…

          • DB200

            This is a really funny idea, win the jackpot and run to a far-and-away island. And start your own Banana Republic of Gary2Beyondo ….

            Mondobeyondo, you haven’t lost your sense of humor. Great!

  • stan

    Someday, unless you receive the Mark, you will not be allowed to buy or sell. For many centuries men could not understand how this could happen, how can this ever be?

    But now it just ain’t so hard to imagine, now is it?

  • OH NO

    Once banks have control there fees will explode, the goverment will set limits track all your purchases, we see you have been buying more food then you can eat and you’re allowed 20 rounds of ammo we must confiscate the excess you are beyond your allotment.

  • Barn Cat

    It COULD happen much sooner than anyone realizes right now. We have a global collapse coming. Out of the chaos will arise the one-world government prophesied in Revelation. Could all that happen in the next 5 years? Certainly.

    • gardenspices

      Dear Barn Cat…. You are right on the money… Looking for that glorious day… of His soon coming…

  • Chris

    Interesting article Michael thank you.

    Also to the advantage of the banks there could no longer be any such thing as a run on the bank.

    Disadvantages would be it would eliminate the ability of people to use a car boot fair, jumble sale etc
    Also you would have no back up in the form of cash if your electronic payment failed for some reason. Also if your government considered you an annoyance or a less than compliant individual then presumeably someone at the push of a button can remove your ability to buy anything. It would be a massive step towards totalitarian slavery.
    There will always be some idiots and paid shills who will claim that they will be first in the queue to get an implanted chip. Most sensible people will not be fooled I think. And there will always be some advantages that they will be able to think up to justify telling people to remove cash and take an inplanted chip. As another poster said I think we can see where this is going. I wonder if the 450 million hollow rounds you mentioned in another article and the new FEMA camps and hundreds of thousands of FEMA disposable coffins are reserved for those will refuse to accept this system?

  • Joe Dirt

    The times a comming when we will be bartering once again. That is the real cashless society,,

  • Ruth Barnes

    The time to get rid of coins and paper money has been due for a long time. It costs more to make coins then their value. It would be so much easier and handier to go to an all electronic cash.

    • Rick

      I’m pretty sure that you voted for Hussein.

  • Daniel H. Benson

    I have a friend who works for one of the biggest banks in the world. He attended a bank conference several months ago, where the FED and Treasury ran the meeting. The clearly stated that we will default and go bankrupt. That out of that, will come the cashless economy. It’s not time driven but event driven. He said that are preparing for the “next trigger event.” There were a few things still left to be put in place. But he added that what they are planning to do to the American banking customer would shock you. He said the best way I can describe this system is, “Mark of the Beast”

  • http://www.magnifiedview.com Yoda

    Excellent forecast- The Economic Collapse:

    A communist revolution is coming to your neighborhood.

    http://www.magnifiedview.com/2011/10/18/occupying-wall-street-style-uprisings-and-the-arab-spring-revolution

    Right on Economic Collapse- WRITE ON!

    Cordially, Yoda@magnifiedview,com

    P.S. “May you live in interesting times.” Ancient Chinese curse.

  • http://twitter.com/gold_tracker Hal (GT)

    This kind of stuff scares me quite a bit, actually. And I do know it’s coming. The rise of tech is, as you’ve pointed out, making it easy and removing much of the reason citizens have for using a physical form of cash. And as @John Nobody points out and you allude to in the article, the ability of governments to track those transactions is key to why it is very much sought by the governments. It means control.

  • Rainy Day Saver
  • Eric

    Im good. Aint taking no mark no where no how. People should think about this.Open there eyes and see whats going on. They are tryin to control everything we do and micro chips that track everything u do???? Cmon people. They want people to think this is all good and something good is goin to come out of it but its notin but pure evil.The devil tryin lure everybody in. Please people wake up and read the bible. See that this is the time of the end. Not tryin to scare anybody but it is. End times bible prophecy is comin true every day and this is the anichrist system that is coming. Spread the word. Wake people up and look n the bible and see for yourself. Its in bold print, black and white. We need to save souls……..God bless everybody.

  • CAngel

    Thanks once again for another very interesting and thought provoking article. Makes me want to use cash all the more.

  • mondobeyondo

    How We Got To Where We Are Today, Part I:

    Person #1: “I hate you!”
    Person #2: “I hate you too!”
    Person #1: “Great! Let’s just hate each other!!”

  • hefsmaster

    Printing presses not inflating fast enough? Is capacity maxed out? Years of 24/7 operations destroying your presses? Digital currency at the push of a button.
    Which brings me to my next point.
    I have not seen anything regarding policy’s or thereof regarding the switch to a no cash society. Who is controlling this beast? What assurances are there that they won’t add zeros to every transaction? This is one piece of the puzzle that has not been exposed.
    Another one of them monty hall what’s behind door number 2.

    On a separate note…. I would like to congratulate gary on his acknowledging the libertarian aspect here. Only took about six months…. Baby steps…

  • Mad Max

    That’s right people. Technology can be a good thing when it’s used correctly. But don’t expect that in today’s world. We are in more trouble than we could possibly understand.

    Read “Death By Technology” by Dan Thomas. It changed my whole perspective on how things work and how to fight back. We’re not as hopeless and helpless as you think.

    FIGHT THE CAUSE – NOT THE SYMPTOM
    OsiXs (Revolution 2.0 – The Smart Revolution)

  • Chemgal

    In Asia generally, most payments are made in cash, especially in areas of Southeast Asia; these are also areas where gold is considered the best investment.

    When I lived in Japan, all honoraria were paid in cash in discreet envelopes palmed at the end of the speech or course. That is the case to this day, yet Japan was one of the first “cashless” societies

  • Mike

    The cashless society is not the problem, the corrupt system is.

  • BillybonesIII

    I have a friend who thinks like many of you do. He has a wad of cash in his wallet all the time which is okay I guess……. if it makes you feel good. But the truth of the matter is that it’s all not much more than “monopoly” money in reality.
    Every time Ben and the “boys” print another batch of currency the dollar’s intrinsic value drops.Period.
    One day we’ll wake up and find the U.S.A. greenback or Candian Looney in our pocket is worth about 1 cent which, by the way, Canada is discontinuing this year.
    Cash or debit card? Not much difference. When “they” decide to shut down the printing press and go cashless we’ll be no better off because “they ” already have all the wealth that we used to call money.
    Get in line brother or sister and take your chip, it goes along with the flu injection you just had.
    Or
    Consider what Jesus has to offer.

  • Concerned Citizen

    I’d like to add that paying cash gives me a much better feel of how much money I spend on goods and services. Taking out my wallet and pulling bill after bill before paying for a new television or notebook gives me a sense of the value and the hard work that is behind each Dollar. A credit card, on the other hand, is just swiped once, regardless of how the expensive the product is, and I don’t feel any sacrifice made through this form of payment. I think therefore that the use of credit cards encourages overspending and excessive consumerism – which is exactly how banks and producers want us citizens to behave. In addition, the amount of cash left in my pocket is a tangible gauge for how much more goods I can afford. If I see that I am running out of cash, it alarms me into spending less. With using a credit or debit card, I would have to log into my banking account several times at home on my computer to check my balance, and I would just see numbers that don’t give a feel.

    To inflict a serious damage on the cashless network, it doesn’t require an EMP. A simple outage of electricity would leave cash undaunted, but if you don’t have electric power and internet connection, paying with cards may not work.

    • Rodster

      Excellent post !

  • Newton

    Oh yeah

    These digital transactions with everything but your ********************* attached to them are great.

    Until — some *********************** hacks your account

    Cashless indeed

    Try nuetered for life !

  • mimi

    sistrunkqueen – It’s interesting that you post to a blog about money and don’t know it’s two CENTS! not two sense….

    • wisefool

      Show me a perfect speller, and I’ll show you a liar.

  • http://www.economyincrisis.org WASP

    For a minute there I thought they meant cashless as in everyone is becoming impoverished and has no money given the state of our economy.

  • luis

    The end

  • Critical Thinker

    JFK really tried to warn ALL OF US.
    “All truths are easy to understand once they are discovered; the point is to discover them.” -Galileo
    IN JFK’S OWN WORDS HE IS TRYING TO WARN THE U.S. ABOUT A MONOLITHIC & RUTHLESS CONSPIRACY AROUND THE WORLD WHERE HE ASKED THE MEDIA TO HELP ALERT THE AMERICAN PEOPLE. THE MEDIA DID NOT ALERT THE AMERICAN PEOPLE. THE EVIL CONTINUES!!!
    JFK “The President and the Press,” before the American Newspaper Publishers Association, 27 April 1961
    http://www.youtube.com/watch?v=pDe6QCqFu4c
    Ron Paul 2012

    • David

      You need to watch the complete video of that JFK speech. The “conspiracy” he was talking about was the Soviet Union—not a New World Order, or Skull & Bones, or the Illuminati.

      http://youtu.be/LfQbQiAY1YA

      • remnant

        Same thing. Communism was always a **************/Illuminati front probing for a way to a new world order.

        • http://crockettalmanac.com Darren

          No, it’s not the same thing. If you had read the original speech in full you would see that JFK was encouraging journalists to stop reporting on activities of the US government. He saw this as an effort to balance out the fact that the USSR manipulated their own media.

          See:

          http://crockettalmanac.com/?p=82

  • pat

    End of cash….end of privacy.

  • Rick

    I do not dare using anything but a credit card for purchasing gasoline. More often than not, it seems that I run the risk of being short changed by the station attendant if I use cash.

    • Bill

      Do you realize how foolish that sounds?

      1) If you use a card to pay at any devise, including the gas pump, you risk that someone has attached something to it to read the magnetic signature of the card and stored it as well as a video of your pin number.

      2) If you bother to pay attention to how much cash you hand a clerk, and how much change you should be getting back, their is no way you should get “short changed”. And if the clerk did try to rip you off, you simply go to his manager, of better yet call the cops.

      Point is, we are not yet at the point where someone can logicly say they feel MORE secure using an electronic payment method than they do when they monitor the transaction in cash with their own two hands and their own two eyes.

  • Wendy

    A cashless society will not get rid of any crime. So far the progression has led to the creation of a whole new fraud industry of identity theft.
    Drugs will be traded by barter. Theft will still be used to attain things of value. Prostitutes will take gold or crack for payment. Nothing will be solved by getting rid of money, other than the government will be deeper in the middle of your business.
    I like my debit card, and my direct deposit. But I like being able to go to a yard sale and spend what I want, and it is no bodys business what I spend every year on my horses.

  • Tom L

    We should go the other way and use cash more often and use credit cards sparingly.
    In addition, we should try to simplify our lives as much as possible. Less debt. Lower expenses.

    • Lucy

      Good call Tom. Let’s ********* against the government’s need to control us.

    • http://theeconomiccollapse Erin

      Well said! Be as self-sufficient and discreet in all you do. Also, stock up on ammo and weapons. Some heavy shit is going down. And holy crap, has anyone been to court lately, they make up rules and laws on the spot, depending on their mood. It is BIG business!!! you will NOT, if youre looking for it, find any sort of justice in a court room. terrifying!

  • AntiLieGuy

    The mark-of-the-beast monetary system will be implemented by Russia after they and the SCO annihilate America, the same day as the next false flag to invade Iran. This has been planned for centuries by the gods who made us as a slave race to mine gold. Money is an instrument of slavery and nothing else. This world will never know peace until all governments, banks, and money are completely abolished. This will be the war of Armageddon and you can know it is now because of Planet X, its effects, and the chemtrails that hide it every day globally. All your governments are completely treasonous criminals.

    • http://theeconomiccollapse Erin

      yes, yes, yes, antilieguy! you get it! youve been doing your research! I love that!!! Does it blow your mind, as much as it blows mine, how most of your friends, family, whoever…. thinks youre a nut with this opinion?? Besides sites like this and forums, the rest of the world has its head deep up into their asses. Most people just cant see what is happening, almost as though they have become mentally retarded.

      • AntiLieGuy

        Have we chatted before? Erin D?

  • ridalyn

    Cashless society… your joking, right? We’ve been cashless for decades. All those greenbacks in your wallet… take a close look at them. They are nothing more than checks written on the Federal Reserve Bank. The only thing that backs them is the promise from the Government that they are worth what they are worth. We used to have cash backed by real currency (Gold and Silver) Those days are long gone. Your people are cashless and don’t even realize it. How many of you have direct deposite now? Still think it’s a good idea?

  • Gary2

    We take debit cards or cash and its way easier to deal with debit payments where I work than cash.

    If I never had to count cash again that would be ideal!

    • Concerned Citizen

      I wonder how cashless payments would work at flea markets and bazars, where individuals sell their old stuff. Would every seller need to possess a credit card “swiper” (or whatever the name of that gadget is)? If yes, what happened if the batteries ran out or the internet connection would be interrupted? And as a buyer, how could I make sure that I would be charged the correct amount and not scammed? I think that thieves could overcharge my credit card and then quickly disappear – so much about cashless society leading to less crime.

      • wisefool

        Absolutely. The more digital, the easier it gets to steal your money. You bring up a good point. No more yard sales? Good thing I care less and less about material things.

      • sufferingwithcomfort

        phones will be the readers and devices used to transfer money, you wont even be using cards

    • http://theeconomiccollapse Erin

      well Gary2, youre certainly not sounding too bright!

  • Nobody

    Screw Robert Reich – As in Third Reich

    Let’s all start voluntarily using MORE cash, and screw the system!

    • Hybrid1000

      Great idea. I already only use cash for everything, the only card i have is my ATM card for withdrawing my cash from my bank account, as soon as my money is paid into my account each week i go to the nearest ATM and draw out as much as i am able, (unfortunately all transactions must be multiples of £10 so there is always a small amount that i can’t access), i will never agree to a cashless system or an RFID or Tattoo.

  • Hugo

    To be honest I don’t think cash will completely disapear.
    The reason for this is that it would eliminate the various illegal mmoney making options that the PTB rely on.
    For example the illegal drug trade would be impossible without cash. As an example how would an addict pay for illegal drugs using a credit card and so not come under suspiscion?
    Illegal arms trade would be difficult without cash.
    Bribing would be difficult without cash.
    These are just some examples as to why the ptb cannot not let cash completely disapear.

    • tex

      And that is precisely why the transition to electronic payment will happen.

  • Dr Ashok Kumar Singhal

    Cashless Transactions are OK suitable & comfortable almost safe to most involved, but not all.But it can not be only confined to Banks or such other form of agencies . Different form of payment has to continue like exchange of goods for work and services provided . We may have to think about very Old persons sick ones and almost totally disabled debilitated very poor and totally illiterate once toothose who have never seen any money or coins .

  • bovvered

    They have been conditioning people to accept the microchip implants for decades, see Predictive Programming and the Human Microchipping Agenda – http://vimeo.com/26487586

    And unfortunately there’s more to that particular agenda. The powers that shouldn’t be have already prepared the next step and are actively conditioning people to accept that as well i.e. the brain chip. See http://forum.prisonplanet.com/index.php?topic=9689.0
    I strongly recommend people listen to the Alan Watt mp3s in that first post.

  • Dr Ashok Kumar Singhal

    Cashless Transactions are OK suitable & comfortable almost safe to most involved, but not all.But it can not be only confined to Banks or such other form of agencies . Different form of payment has to continue like exchange of goods for work and services provided . We may have to think about very Old persons sick ones and almost totally disabled debilitated very poor and totally illiterate once too those who have never seen any money or coins ,they live cashless but not as envisaged by our Governments who wants to control all for extracting money out of all off course Cashless.

  • Paranoid

    I’m 62 so I won’t see it. But remember this : A cashless society by defiition is totaly dependent not only on computers; but on the people who control the computers. At Best that will be the government; at worst the bankers and hackers. No thanks.

    • wisefool

      The government are the Banksters, and they employ the hackers. Order out of chaos.

  • Tracy

    I don’t know if I believe the stats they tout in this article?

    I’d like to see the data and research specifically on the “only 7 percent of all transactions in the United States are done with cash” – I’ve worked in retail a very long time and I’d say the stat is closer to 45% still use cash.

    I call you out for up stats until proven otherwise.

  • Mark

    The cash transaction will not pass away, it will simply be replaced with the TAP AND GO, Pay Pass. It is not that hard to imagine criminals with tap and go styled card with HUGE credit limits available. Im sure there is already people working on ways to continue their criminal activitys if we (and we will) go cashless. Inside and outside of citys there will always be trade and barter, probably easier in urban areas.

  • Catherine

    Yes, we are almost cashless but, with a chip, I will always be tracked. Where I go and what I’m doing is no one’s business. Phones are tracked but, I can still leave it at home and am able to walk around without being tracked but, not so with a chip. Oh well, it’s going to happen sooner or later.

  • THE MESSENGER

    Read Rev 13 – 16,19 in the bible. and WAKE UP !!!

  • TCS

    There’s not even cell phone coverage across the country let alone the world. Now try to explain how rural transactions can be done digitally. Commerace will go on with cash, not credit or debit.

  • http://Godlikeproductions John Patterson

    Obama is the ANTI-Christ. He wants to take the chip so YOU WILL YOUR SOUL!! He is an unstable ******! If you reelect him, then it will be the end of the USA..you have been WARNED!!!!

  • mrpom

    I have 2 thoughts on this article. The 7% figure I don’t think takes into account the underground commerce that already exists and is growing. System “D” is said to trade in the app. $10 Trillion range second only in size to the US market. As far as excepting a chip and not being able to trade without it, I think I read in a book somewhere something about a mark on the hand or forehead and having to do with the Devil.

  • Ben Dover

    I don’t pray often, but when i do, i pray that the Sun will take out this putrid mess of electronics…if the Debil exists, that is his name…kill The Beast before he kills us…

  • concerned citzen

    it all a scam put together by these greedy banksters and credit card companies. Just think about it every time you use that card or that chip ot tatto or what ever they uasually charge the company who is using it a 3% or better commission,and in return the end user end up paying more money for the product. a perfect example of this is buying gas, most Gas station charge 10-12 cent more per gallon if you use a debit or credit card. Why should we pay more for goods if we are to use these stupid bank instruments. It already bad enough they charge crazy fees. any way they can screw the people. another thing is the cards some times dont alway work and you gotto keep swiping them.leve cash alone it easy and convient.

  • Lucy

    I do not have a debit card. I will not get a chip or a tattoo. I pay almost everything with a check or cash. I refuse their conspiracy to “save me money” by going electronic. I refuse to be controlled. I was BORN FREE and will fight for freedom til they pry my last dollar bill from my cold, dead hands!

    • tex

      All they have to do is quit printing them. They wear out faster than you think. And who, other than your brother in law takes checks these days?

  • Arthur Rodricks

    Cashless society.

    Christians & Non Christians.
    Please read Revelations, the last book in the Holy Bible.

    Those who don’t want Jesus as their Lord & Saviour, after the rapture of the Church, will be brought under submission by force, by satan, through the Governments of this world.

    To bring everyone under submission, satan needs control over all buying and selling, and if cash exists, satan can’t have control, so there is a cashless society ahead.

    Best, trust, believe, confess and accept JESUS as Lord and Savior, be born of the Spirit, and exit this world in the Rapture of the Church.

    http://www.raptureready.com

  • dude01

    read in an article yesterday that the undergroung cash market was approximatley 70 trillion dollars. the thing about this is cash is virtually untraceable making it difficult to track accuratly. this article was thowing around a very misconstrued fact. its not that all cash transactions make up the 7%. its the fact that cash transactions make up 7% of all major transactions meaning over a thousand plus dollars. this is the figure they are using to make it seem a feasible idea. it is actually a false figure meant to draw the population into a we are already doing it mindset.

    • http://theeconomiccollapse Erin

      dude1…..exactly

  • http://ACashlessSociety Not funny

    I cannot believe anyone is making fun of this very serious subject. I had to sell my house because of injuries that made me unable to work and pay my personal property tax. Were do I invest this small amount of money? With no cash people will be investing differently. How long will these little hamburger chains stay in business? How long have our nation along with many others tried to go to one world currency? How will that affect our lives? If we think things are hard now, we are in for a huge surprise. Things are just beginning to get bad. It is time to take this seriously and to pray as we have never prayed before. God is the only one that can get us out of this. I don;t think we will be lucky enough for the world to end at the winter soltice of 2012. That would be to easy.

  • TomL

    It seems like a really bad time to try to force people into a cashless society, when the grid is as fragile as ever.
    There are so many reasons that credit card and debit card processing can go offline. Power outages, ISP circuit outages.
    Hacker attacks. Even potential government infrastructure shutdowns to protect from hacker attacks.
    And now many people have reason to be concerned about EMP attacks and X flares.
    This is a really good time to make sure sure we can live without credit cards.
    This is a great time to simplify our lives in so many ways.
    I love technology, and I make a good living from supporting networks, but we really need to be ready to go without.

    • tex

      It’s all about taxation Tom. With an electronic trail and enough auditors it is impossible to avoid the tax man.

      As for infrastructure problems yes power outages and computer hacks are an issue- but EMP attacks and X flares… Come on- get serious.

      We have been in one of the cycles of violent solar flares for a few years now and not even a hint of a sizzle. There is even less chance of this happening than of a zombie apocalypse. People have over active imaginations and too much time on their hands.

  • Jodi

    I saw this video on a website today! It appears Canada will be going cashless.
    http://youtu.be/9PX-vW4VccY

    • tex

      I doubt that that will happen officially. They have just introduced new non-paper (polymer) bills.

      But Canada has one of the highest adoption and usage rates of debit and cash cards in the world. They are heading there (cashless) voluntarily- lambs to the slaughter.

      • http://theeconomiccollapse Erin

        tex, i very clearly see that we too are lambs to slaughter. i havent met more ignorant and close minded people in my life as i have in the last 5 years or so. trying to inform the average american of even the most obvious of government betrayals, is like repeadedly hitting your own hand with an iron mallet. just a guess, id say 60% of americans, dont see anything wrong on any level.

    • http://theeconomiccollapse Erin

      **********, i love the canadians, but really, they allowed it. I just lost a bit of hope…

  • Rexer

    If this country goes to a cashless society; you just lost your freedom.Cash has been and is the grease of living free.It allows us to conduct business in public and private,says rite on my money.also says in god we trust.We use cash almost all the time, except when we book a room at a hotel or something to that effect.I dont know anyone that doesnt except cash.Cash is king.

  • hecatesmoon

    There’s no reason to be afraid….that sudden swell of fear? That’s just me being old fashioned. That’s just me resisting change. There’s no reason to be afraid….there’s no reason to be afraid…

  • Pearl

    Chip implantations? If I refuse, I will be exalted from the monetary system forever?? Sounds good to me. I am getting pretty sick of it anyways. I make things for a living, and there are millions of others like me, and I have traded my handmade goods for other handmade goods. We need to realize that being exalted from a “prison” of money and greed and being set into the wild isn’t as bad as it seems. Once people realize that all we need is proper clothing to maintain a healthy body temperature, food/water in our bellies, the sun on our backs, and some type of shelter from the elements when they are at their worst to survive, the rest is all unnecessary distractions.

  • Chukwuemeka Duru

    The write up on the Cashless society is very enriching and i will like if you could do a write up on Cashless entrepreneurs, how can youths get empowered as service providers in the Cashless policy.

    Am just thinking if there is a way people can get self employed as service provider by owning a POS Terminal that is subscribe to a bank and every transaction from that POS Terminal the holder or service provider earn a commission

    Like it’s already being done in the telecom and electricity sectors

    I am trying to work out a youth empowerment program from the Cashless policy in the Financial sector,Please email me anything that can be of help to put together a proposal for the Central Bank of Nigeria on this.

  • http://www.ntctexas.com The Processor

    Eventually not only will we not need cash, we won’t need humans… This is great for us (merchant service providers). Check out our blog: Even God Takes Plastic
    http://www.ntctexas.com/credit-card-processing-blog/bid/57673/Even-God-Takes-Plastic

  • Divad

    A cashless society will destroy the economy of a country. People will use and create other forms of currency. Probably gold or silver. You want a visit a prostitute without your wife knowing? Your not going to stop because of the cashless society. How about playing poker with your chums? Your not going to stop because of the cashless society. How about buying weed? You are not going to use the magic cashless chip to do that. You will use currency. There will always be a black market. So there will always be a real need for cash. If a society goes cashless, it will self destruct. Other currencies will surface.

  • John Candido

    There is no stopping the evolution to a cashless society. It will be a convergence of the internet, credit and debit cards that have Visa PayWave & MasterCard PayPass, and a smart phone that can be used in much the same way as a credit or debit card with PayWave or PayPass. These developments will eventually consign cash to history. Our smart phones will contain every debit and credit card we own, as well as all of our discount vouchers and receipts in digital form. As a result, there will not be any need to carry any more bits of paper to carry in our wallets. Google will produce a Google wallet, Visa will have an e-wallet, MasterCard, and PayPass will offer a similar product, as well. These are called virtual wallets.

    I don’t think that plastic cards will be eliminated in future. When a power blackout or some other inevitable technical issue occurs, plastic cards can be imprinted mechanically with paper, or some other technology will be developed to record the transaction perfectly. Placing barcodes on all plastic cards that are read by a barcode reader that is powered by some other means could possibly perform this service.

    I am absolutely confident that we are on the verge of a tipping point regarding the eventual elimination of cash from our economy. As long as there is a national regime of privacy legislation, the security and integrity of the internet is assured, powerful institutions such as state and federal governments will seek and obtain taxes in full in the future, which will help to fund our treasury and help to pay for all community infrastructure, projects, and policy developments. In addition, the government will not have to bear the cost of printing and manufacturing cash.

    What I think will happen is that we will have a de facto cashless society first, where a majority of transactions will be done without cash, both in numbers of transactions and in the quantity of money involved. We will probably have a de facto cashless society in about 5 years. After a period of a further 30 to 40 years, or somewhere thereabouts, cash will be eliminated from our economy after the nation has had a detailed debate about this issue.

    It will be convenient not to have to ask for and carry any more paper receipts or physical discount vouchers, because they will be emailed to our mobile phones and personal computers. How incredible, powerful, and efficient will both Visa’s, Google’s, and PayPass’s virtual wallets be, once they become commonplace? Can the banking system can adapt and catch-up? That is a rhetorical question. To promote a cashless society, is in every bank’s financial interest.

    Police and intelligence agencies will advocate a cashless society in order to limit or prevent crimes associated with cash. Cash always provides criminal anonymity as in the drug trade, terrorism, burglaries, organised crime, illegal gun running, and cash thefts. The crime of counterfeiting money will be completely eliminated. The black economy is based on the criminal anonymity that cash allows. This will dissipate when physical cash is removed from society. An important part of the elimination of criminal anonymity in the future will be making emerging digital or virtual currencies illegal.

    A cashless society is one where greenhouse gasses are kept to a minimum. A society with cash is embedded to a polluting infrastructure. The manufacture of cash requires the transportation and use of raw materials in manufacturing processes, with the final product transported to financial institutions. Apart from the obvious risk to society from criminals, the transport of cash in security vans leads to greater air pollution in our cities and our communities. This is not counting people who desire to make either a deposit or withdrawal to their accounts throughout the nation on a daily basis.

    A cashless society does not have to be the policy of any political party or government instrumentality. It does not have to be something that is forced on any nation that is not broadly accepting and ready for it. It should only be achieved after a plethora of wide-ranging national debate. It will broadly come of its own accord through technological development. The public will demand its security, integrity, and its many conveniences.

    Banks and most businesses will want a cashless society because it will substantially lower their costs, by not having to deal with cash on a daily basis. There will not be any need to count, store, or transport cash. This will make all banks and businesses safer to operate, and enjoy lower cost overheads. A cashless society will be evolutionary, convenient, and unstoppable. It will provide a plethora of social and economic advantages, relative to a society that maintains cash. All of these things together will prove irresistible for most if not all modern economies, and they will prove fatal for the continued existence of cash, the more we move towards the future.

  • Macgilver

    San Diego, spring 2012. One electrical worker in Arizona accidentally took out S.D. power for 24 hours. Cards would not work. Without cash, no gas. Cars were abandoned on the freeway. Cash became king again. So unless you want to carry around 1/10 ounce gold bullion, and pay $150 for a loaf of bread, milk and some gas because the merchant cant make change……….

  • http://www.infowars.com Anon

    Constitutional silver, dumba**. People don’t need to carry around 1/10th ounce gold anything. 90% Silver (pre-1964) U.S. dimes will take care of that loaf of bread.

    These financial scandals, and the ‘Fed’ won’t be going away anytime soon, UNLESS YOU GET UP OFF YOUR FAT, LAZY A**ES, and DO SOMETHING!

    HR 459 passed by an overwhelming majority in the House, by a vote of 327-98!
    Now, this bill (S.202) needs a vote in the Senate!

    CONTACT YOUR SENATORS HERE:

    AUDIT THE ‘FED’!
    http://www.auditthefed.com/?mode=actionpage

    End the Fed! Whether Congress Wants Us To or Not!
    http://www.lewrockwell.com/boldin/boldin22.1.html
    http://tenthamendmentcenter.com/2012/07/25/end-the-fed-whether-congress-wants-us-to-or-not/

  • Annie

    so that no one could buy or sell unless he had the mark, which is the name of the beast or the number of his name Revelations 13:17

    Just a sign of the times folks….Read your Bibles.

    • Michael

      I agree. But what do you do when you are locked out financially.

  • http://www.biokube.co.uk septic tank of cash

    Abolish cash. All transactions done by card. All payments and money receipts would then be traceable and it would end, in an instant, black market activities which contribute NOTHING to a country’s economy. Just think, there would be no more ‘jobs for cash’ where no income tax or VAT is paid, adding millions to a country’s bank balance and reducing the deficit. Another spin off would be a virtual end to theft. If there was no cash, no-one could sell any stolen goods because all transactions would be traceable. The same applies to drug dealing, bribes and ‘back-handers’ to corrupt officials, illegal weapons trading – the advantages go on and on…..

  • Wake up

    You really think a cashless society will stop theft, WOW you’re really naive and don’t have a clue.

  • beccalou2

    if you think a cashless society stops crime, think again! there will still be virtual criminals hacking into your accounts. And if cards didn’t exist anymore, then pickpockets will have to be more sneaky by stealing your fingerprints off something you touched. Or maybe a robber will have to be even more aggressive and scan your eye, or just kill you and take your eye. The point is, if people are going to do illegal things, they’re going to do it no matter what. The real crime is the banking cartel that will have global control over our ability to live; our money! You’re basically asking to be enslaved by the bankers, and if you don’t fall in line, they’ll just cut you off from your digital bank account. Don’t you realize that a fiat currency isn’t real anyway? Our cash isn’t backed by anything real now, and it definitely won’t be when everything is digital. So you’re letting the bankers just get richer off of your debts. Wake up! This is what Jesus fought the Romans over. Whoever controls the money controls everything.

  • HTML

    I will never have a chip or RFID tag tattooed to me

  • denis

    I have only one thought in all this cashless stuff! can the people who are the digital hacker still be able to commit a Digital 211? and if they did? how would cops be able to respond code 3 and catch then!

  • Joe Decker

    I heard 2014. All credit and cash gone. I love how people say, “They will never replace it that quickly.” Was the NSA watching you take a shower this morning, yes. Will cash and credit be replaced overnight, yes.

  • EruditeMan

    Are we told to expect that anyone who refuses to accept the right-hand or forehead mark of the beast can expect immediate execution? Many people believe thee rapture of the church happens before the tribulation but I don’t think the Bible clearly shows this to be true. The U.S.A. has seen the private bank Federal Reserve create trillions of dollars out of thin air in the past 5+years. The CPI is a US Government illusion showing only about 1.8% inflation but more accurate inflation rate calculations suggest the current 2013 CPI is actually about 10%. China may dump dollars and the FED hasn’t stopped buying $85billion/month in US debt even though it has considered reducing the amount it buys each month. I think that hyper-inflation is going to appear very soon and the US dollar will become history and be replaced by electronic currency. Some website prognostications identify 2017 as the year that the mark of the beast will become reality. That thought is rather frightening but may be worth thinking about as we prepare ourselves to refuse the mark.

  • digitalis

    forgive my ignorance if banks are pushing for digital money it would be equal to factory workers pushing for robots to do their job.forget the gold bullions or bitcons stock up on cow manure and make sure you have a bit of dirt to grow your own food as you cant control digital age it is so vulnerable whole system will collapse.

  • a ace

    My people(living on the islands) in Fiji Islands are living on Fiji Time.They do not live on Cash or money,they live on plantations and by the sea.They live on Fiji time.I would run away to the islands when all these crap come to reality.

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