CashIsFreedom

In this series I will tell you why the elimination of cash would be extremely dangerous... I give a different argument in each episode.

In this series I will tell you why the elimination of cash would be extremely dangerous... I give a different argument in each episode.

In this series I will tell you what is Central Bank Digital Currency and why is CBDC extremely dangerous... I give a different argument in each episode. #cbdc #centralbankdigitalcurrency #cash #cashlesssociety #yestocash #jatilkontanter #cashisfreedom 

In this series I will tell you why the elimination of cash would be extremely dangerous... I give a different argument in each episode. If you are more interested in this subject, I highly recommend you to read my book "Cash is freedom", which is available on Amazon.

Why would the elimination of cash be extremely dangerous? Reason 4
In this series I will tell you why the elimination of cash would be extremely dangerous... I give a different argument in each episode.

Why would the elimination of cash be extremely dangerous? Reason 3.
In this series I will tell you why the elimination of cash would be extremely dangerous... I give a different argument in each episode...

In this series I will tell you why the elimination of cash would be extremely dangerous... I give a different argument in each episode.

In this series I will tell you why the elimination of cash would be extremely dangerous... I give a different argument in each episode.

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Created 1 week, 6 days ago.

8 videos

Category Business & Finance

Ten years ago, if someone told me that we are in danger of introducing digital money with an expiry date, I would probably either treat him as a person who has read futuristic science-fiction horrors or cheap conspiracy theories, or I would simply consider him some kind of crazy. And no wonder, because such dystopian versions of the totalitarian future have so far been the vision of writers such as Huxley or Orwell...
In the last few or maybe a dozen years - and especially since March 2020 - changes in the world have gone so quickly that most of us are not even aware of it. Unfortunately, these are very far-reaching legal changes that limit our civil rights and freedoms in an extremely dangerous way, combined with dangerous changes in the field of finance, and also with the use of very modern technologies.
What do you know about CBDC (Central Bank Digital Currency)? Do you really want CBDC to control your spending, your income and your life?
I cannot in any way agree to completely eliminate cash and allow only electronic money. I believe that it would be extremely disadvantageous and very dangerous for the whole society. I think that it is worth paying cash, because having cash has always been synonymous with freedom and, in contrast, giving up physical currency would mean loss of that freedom.
In my opinion:
1) Cash allows you to stay anonymous. Unlike electronic money, there is also no trace of the transaction on your bank account. If you pay by bank transfer or card, each of your expenses is recorded in the banking system.
2) You can easily hide cash - cash is a very convenient and practical solution. Cash cannot be blocked or taxed suddenly and quickly - just like money in your account. For example, the authorities could try to introduce the so-called Cypriot variant. In 2013, under pressure from the European Union and the International Monetary Fund, the Cypriot government decided to grab some of the population's savings from banks.
3) When you pay with cash, you always spend less money than when you use a card, and you have more control over your expenses.
4) Using cash is free, and banks charge a commission for electronic money.
5) With cash - in the event of any financial crisis, stock market crash or war - you will have money.
6) Electronic payments cannot work without electricity and modern technologies, and cash does not need anything at all.