What does a cashless future mean?

  Рет қаралды 923,938

The Economist

The Economist

Күн бұрын

Пікірлер: 2 100
@Real-1
@Real-1 4 жыл бұрын
A cashless society means losing privacy, your spending history will belong to the government.
@albertthedogeinstein7983
@albertthedogeinstein7983 4 жыл бұрын
@Los Angeles Man you wont have a choice. That means you cant buy something from me and I cant buy anything from you.
@albertthedogeinstein7983
@albertthedogeinstein7983 4 жыл бұрын
@Los Angeles Man how do you think that would work?
@mikelovettgotit
@mikelovettgotit 4 жыл бұрын
And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: 17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
@marcosjimenez7046
@marcosjimenez7046 4 жыл бұрын
Yup unfortunately that's where we are headed
@workwithearl
@workwithearl 4 жыл бұрын
CBDC centralized bank digital currency, is already being tested worldwide at all central banks. Expect this to be in place within 9 months. All cash will have a grace period to be turned in and converted into Digital. After grace period , cash will be considered non fungible.
@annasimon115
@annasimon115 5 жыл бұрын
I must be ahead of the times, I’m already cashless. I have literally £1.25 in my account
@tripleh902
@tripleh902 5 жыл бұрын
Oh my God I believe you🤯😮‼️⁉️❕ NOT YA FOOL 😂😑
@01_v
@01_v 5 жыл бұрын
nah I have like $0.01 in my paypal
@highandmightyqueen79
@highandmightyqueen79 5 жыл бұрын
lol
@bentley2495
@bentley2495 5 жыл бұрын
How does the digital $ figure in your account mean you're cashless? Most money launderers, drug traffickers don't put money in their bank accounts either. Yet they're most definitely cash-full. Bad "joke".
@34thstreetman
@34thstreetman 5 жыл бұрын
The economist is the puppet of the elite.
@Eusantdac
@Eusantdac 5 жыл бұрын
No thank You. I like cash. Leaves no trace. I need no electricity to use it and most of all, I can feel it. It's real, it's in my hand, not just some numbers on a screen.
@goalcrypto8653
@goalcrypto8653 4 жыл бұрын
Money aint real genius lol. Its printed out of thin air
@ashleymalone1445
@ashleymalone1445 4 жыл бұрын
Jeff Pakusch you know what he means
@davidadelkun2574
@davidadelkun2574 4 жыл бұрын
@@goalcrypto8653 Idiot
@brucemah609
@brucemah609 4 жыл бұрын
Even though it's fiat currency..better than thin air..
@bedantagogoi281
@bedantagogoi281 3 жыл бұрын
Thats a illusion its just a piece of paper
@FvZz1623
@FvZz1623 5 жыл бұрын
It means you're giving up your freedom.
@shadooow2370
@shadooow2370 4 жыл бұрын
@Szilárd Maku Freedom is when you can do whatever you want when you want.
@chrismccartney2780
@chrismccartney2780 4 жыл бұрын
Nobody is truly free anyway
@Zoza15
@Zoza15 4 жыл бұрын
@@shadooow2370 But nobody can't do whatever they want since laws are applied, so where's the freedom?. How do we define Freedom?. You know what ultimate freedom is?, being stuck on a island alone and nobody knows who you are and what you were or care about you. That's true freedom at a ultimate cost..
@francescazandara2488
@francescazandara2488 4 жыл бұрын
Never and never! I want cash 4ever
@niles1492
@niles1492 4 жыл бұрын
it's not going anywhere anytime soon, you may be long dead before it happens. But just know the autonomy that cash gives, people has and always will take advantage of that, as well
@jasongood5499
@jasongood5499 4 жыл бұрын
Don't do it, I used cash and coins everyday to avoid credit card fees. Also I spend less with cash
@goosesteppa7642
@goosesteppa7642 4 жыл бұрын
The Liberal Goverment can't remove legal tender, because it's a government law.
@CloseTheDoorItsSnowingOutside
@CloseTheDoorItsSnowingOutside 4 жыл бұрын
@@goosesteppa7642 until it isn't
@jasongood5499
@jasongood5499 4 жыл бұрын
@Lisa Boulier you can always go back to bartering or trading for goods and services. It really works out in country not so much in a city though.
@airishviscara2326
@airishviscara2326 4 жыл бұрын
Digital cash would mean extra charge and less privacy.
@jasongood5499
@jasongood5499 4 жыл бұрын
@@airishviscara2326 Big Brother wants more Control over our financial transactions. I cannot believe the average person is accepting this to happen. Call up your elected Representative.
@Letsallparty2
@Letsallparty2 5 жыл бұрын
Please resist this! It will not be pretty! Cash gives us individual freedom.
@salahuddina3344
@salahuddina3344 4 жыл бұрын
Letsallparty2 trust me I’m ready to starve and struggle but won’t give into this fraud
@4444-s3x
@4444-s3x 4 жыл бұрын
@@salahuddina3344 facts stay woke
@salahuddina3344
@salahuddina3344 4 жыл бұрын
yarppp Lord been woke! I have no mortgage, no loans, no debts no car and never had a contract phone and no social media! Live a simple life you will be happy
@4444-s3x
@4444-s3x 4 жыл бұрын
@@salahuddina3344 facts
@BillyReedMusic
@BillyReedMusic 4 жыл бұрын
I agree!
@konigstiger3252
@konigstiger3252 5 жыл бұрын
No. I don’t want the government to know where I am spending my $$$
@alekskrstic1024
@alekskrstic1024 4 жыл бұрын
no one asked you it will happen and soon you will be under full controll
@CursosEmStreaming
@CursosEmStreaming 4 жыл бұрын
They already know
@junos4242
@junos4242 4 жыл бұрын
@@alekskrstic1024 Yes...Mark of the Beast will come soon...
@narcelinaguzman3512
@narcelinaguzman3512 4 жыл бұрын
Learn to survive without money. If love Jesus Christ
@pacman7959
@pacman7959 4 жыл бұрын
@@narcelinaguzman3512 have you?
@danchase7454
@danchase7454 5 жыл бұрын
Offend the wrong people and suddenly master card will refuse to allow you to use your digital money.
@TransitAndTeslas
@TransitAndTeslas 5 жыл бұрын
Fake news.
@Rocket_Man.
@Rocket_Man. 5 жыл бұрын
whyareyoureadingthisyouarenotmeanttoreadthis Ok... what’s your address⁉️
@chibchan3765
@chibchan3765 5 жыл бұрын
My mastercard is connected to my digital money
@ArmandTRobotson
@ArmandTRobotson 5 жыл бұрын
Humans will become slaves to the Visa MasterCard mafia...
@feliperabeloep
@feliperabeloep 5 жыл бұрын
Bitcoin network won't do that :)
@mikefredrick3917
@mikefredrick3917 4 жыл бұрын
Without cash it will be easy to disconnect anybody from the system. Just block or suspend your account and you won't be able to even buy food. Another method of control
@Iknowthelaw13
@Iknowthelaw13 2 жыл бұрын
Just like the blockchain on crypto. Then those fools will have the rug pulled out from under them.
@ironman2326
@ironman2326 5 жыл бұрын
I'm young and I demand to use cash!
@chrisrose4769
@chrisrose4769 5 жыл бұрын
This would mean complete government control
@dravinmahajan8436
@dravinmahajan8436 4 жыл бұрын
But it will solve the problem of : 1. Tax evasion 2. Money laundering 3. Terror funding 4. ease of doing business And many more
@dravinmahajan8436
@dravinmahajan8436 4 жыл бұрын
@mike yes I understand now..😊👍👍
@nicklaaflare1907
@nicklaaflare1907 4 жыл бұрын
The homeless will not survive
@x00p3
@x00p3 4 жыл бұрын
@@dravinmahajan8436 My nephew needed some money so I offered him $50 for some yard work. If the IRS and state government knew about it he'd have to fill out forms and pay taxes on it. Ridiculous.
@sleeexs
@sleeexs 3 жыл бұрын
@@dravinmahajan8436 it wont
@mohacs1000
@mohacs1000 5 жыл бұрын
A government being aware of the nature of every financial transaction is a great way to destroy basic privacy.
@murk1876
@murk1876 5 жыл бұрын
@mrbobbilly how is big brother being in our business good
@aerojetrocketdyners-2538
@aerojetrocketdyners-2538 5 жыл бұрын
@mrbobbilly not caring about privacy is the same as saying you dont need freedom of speech because you have nothing to say
@jordanabeaulieu2530
@jordanabeaulieu2530 4 жыл бұрын
I was quite happy without having a credit card but some places like hotels, car rental places don't accept anything else so I had no choice 😒
@i_wouldprefer_not_to1196
@i_wouldprefer_not_to1196 Жыл бұрын
What if you need to pay a really small amount? Seems daft to not use change. That’s before you even consider the government control side of this!
@DisHappah
@DisHappah 9 ай бұрын
@@murk1876 The Canadian government froze Canadians' accounts just for protesting its government. Let that sink in.
@pieinsky3142
@pieinsky3142 5 жыл бұрын
I think it is rather subversive to suggest that a cashless society is inevitable, as if telling us to accept it as fact. There will be strong resistance.
@alaskangirl7475
@alaskangirl7475 5 жыл бұрын
Oh yes!
@devonrusinek5807
@devonrusinek5807 5 жыл бұрын
Competing financial systems may become a reality once we figure out a way to ensure a fool-proof way to prevent nuclear annihilation, and we can usher in the era of corporation PMCs.
@boingboing919
@boingboing919 5 жыл бұрын
Maybe cash will rebound and reinvent itself?
@pieinsky3142
@pieinsky3142 5 жыл бұрын
@mrbobbilly you miss the point, it is about the choice to use the banking system or not. Once cash is no longer available, that's it, you are 100% reliant upon banks. If they go broke, so do you. If the government wants to freeze or confiscate your money, it is all to easy for them to do so. People might accept a cashless society today because everything works, and we have relatively stable economic and political conditions, but that can change very quickly. It's a bit like having an umbrella, it might be a hassle to carry it around, but it will keep you dry when it rains.
@jeffgreen3376
@jeffgreen3376 5 жыл бұрын
The resistance will only be from us older people. The younger generation will love it, because they've already been brainwashed into giving up their privacy in exchange for convenience.
@stevewildeagle965
@stevewildeagle965 4 жыл бұрын
We've used Cash for over 5000 years, and before then used a barter/trade system, as far back as 40.000 years. Humanity has and will always need something tangible, to be used as either cash or Barter. The Government's are foolish to believe, that a cashless system would last for Decades or more.
@solardata5765
@solardata5765 4 жыл бұрын
China has been using it for more than a decade. I went there and I dont see a loss in freedom. I still can do whatever i want. even VPN for Netflix. I feel like I was in the future.
@jasminmirkovic354
@jasminmirkovic354 4 жыл бұрын
@@solardata5765 if china is ur gold standard i feel sorry for u. The west should never follow communist regime -_-
@poochie81
@poochie81 4 жыл бұрын
@@solardata5765 China isn't cashless.
@solardata5765
@solardata5765 4 жыл бұрын
@@poochie81 i know
@Smiler2724
@Smiler2724 2 жыл бұрын
No people use Gold and silver for centuries not cash .
@lisaschuster9187
@lisaschuster9187 4 жыл бұрын
Let’s all make a point by paying with cash whenever humanly possible.
@oliverm1255
@oliverm1255 4 жыл бұрын
Why?
@oliverm1255
@oliverm1255 4 жыл бұрын
@The Merc sorry but what is an absolutist
@andreaam805
@andreaam805 3 жыл бұрын
No thanks 😂
@sleeexs
@sleeexs 3 жыл бұрын
Yeah.
@desvasta9906
@desvasta9906 2 жыл бұрын
I agree and let the banks eat their cards. This is why they gave out cards so people can put themselves in debt. Oh do that prayer. " Do not lead me to temptation but deliver me from evil."
@andremp03
@andremp03 5 жыл бұрын
I love the convenience of cashless, but I'd be uncomfortable with a cashless society - it's a can of worms.
@Slippery413
@Slippery413 4 жыл бұрын
You won't love it when they force everyone to put the chip in you, to buy food or anything in order to survive. They will track your every movement and have complete control.
@triciab612
@triciab612 4 жыл бұрын
Monk _Nyc Exactly😳‼️
@philiprhodes5537
@philiprhodes5537 4 жыл бұрын
Monk _Nyc your not wrong either the chip will be the next step in controlling society and your life will be monitored 24/7 ..sad thing is people are walking into their own demise and dont yet see it at least animals going to slaughter try to back up and not go there coz they are intelligent enogh to sense they are going to die but humans on the other hand seem to like being controlled to their death
@doloresdelacruz6832
@doloresdelacruz6832 4 жыл бұрын
Aware?written in book of revelation 13:16-17.
@joeking1019
@joeking1019 4 жыл бұрын
you won't love it when it's all that's available.
@kehbab
@kehbab 5 жыл бұрын
Convenience does not outweigh the negative parts in a cash free world
@TodaTruth
@TodaTruth 5 жыл бұрын
💵 cash is a form of freedom
@NativeVsColonial
@NativeVsColonial 5 жыл бұрын
And black money and corruption :)
@mrxrp4306
@mrxrp4306 4 жыл бұрын
@@NativeVsColonial corruption how about the tax office that robbes every little person and middle class and takes everything you own especially when the tax office isn't part of the government it's a private organisation called the federal reserve
@Heartandspirit77
@Heartandspirit77 4 жыл бұрын
Very Very wise words
@BillyReedMusic
@BillyReedMusic 4 жыл бұрын
Yes!
@gregb6469
@gregb6469 5 жыл бұрын
A cashless system will give the government/corporate/big bank complex even more control over people. It must be resisted. I pay with cash every time I can, and I strongly urge everyone else to do the same.
@desvasta9906
@desvasta9906 2 жыл бұрын
Pray the republicans win because the democrats are rats they are into the marxism not real democracy, its a disguise. All my life I was a democrat but not a demorat I am conservative
@alonenjersey
@alonenjersey Жыл бұрын
I agree. Like the rest of the human race I've been using to make payments nearly my whole life. And it's never let me down. If it isn't broken, do not fix it.
@BlackFreewaymusic
@BlackFreewaymusic 11 ай бұрын
Unfortunately it would simply be postponing the inevitable.
@TheShadowOfInnocence
@TheShadowOfInnocence 9 ай бұрын
@@BlackFreewaymusicStill better than nothing.
@pillarnexustheancientgladiator
@pillarnexustheancientgladiator 4 жыл бұрын
To take physical currency from me, someone has to be at my exact location in the real world. To take my online account, anyone with the skills or the institution with the access can do it from anywhere that's connected. When the finances of all citizens are accessible online, someone will wipe out everything, and there'll be nothing to fall back on. Those are my fears.
@Whaddayamean13
@Whaddayamean13 2 жыл бұрын
Yes. If you want to take my cash, you'll have to take it out of my hands. People don't live in the real world anymore. Bunch of retards.
@Magoulan
@Magoulan 5 жыл бұрын
It means hiding a debt crisis by holding all the money in the system.
@oldmoneylifestyle77
@oldmoneylifestyle77 5 жыл бұрын
You have a point! I didn't think about that!
@jeffgreen3376
@jeffgreen3376 5 жыл бұрын
Yep. That's why they're going to do it.
@traderpapertiga
@traderpapertiga 5 жыл бұрын
Hence the cry out for “alternative systems” I think I’ll buy a farm (unless they freeze my card) 😂
@miragepeter8412
@miragepeter8412 5 жыл бұрын
Magoo Gouzoo Perfect way to phrase it.
@drek273
@drek273 4 жыл бұрын
And the corona virus is the perfect excuse
@kurjan1
@kurjan1 5 жыл бұрын
The removal of a secure, private means of transacting value between two individuals is pure Orwellian evil.
@delasantos
@delasantos 5 жыл бұрын
KurJan&Urbano this is an absolutely insightful comment. Please let this be known.
@zzFishstick
@zzFishstick 5 жыл бұрын
CRYPTO.
@codenamebeats
@codenamebeats 5 жыл бұрын
Crypto is not a solution if we talk about the possible danger of cash being removed from society. Why even think about removing cash? What's the agenda behind it? It makes 0 sense for 99% of society.
@zzFishstick
@zzFishstick 5 жыл бұрын
@@codenamebeats Have you even watched the video mate? They literally explained that cash costs 0.5% of national GDP. It does make plenty of sense for 99% of society.
@codenamebeats
@codenamebeats 5 жыл бұрын
@@zzFishstick that's a ridiculously stupid argument. 0,5% even if true is nothing compared to the waste of trillions of money in government. And not even remotely close to a reason to move torwards elimination of cash.
@captainmakai
@captainmakai 5 жыл бұрын
Physical cash should be a human right to use.
@Liberty_Freedom_Brotherhood
@Liberty_Freedom_Brotherhood 5 жыл бұрын
Polarised Society agrees
@michaelyenny7012
@michaelyenny7012 5 жыл бұрын
Yes.
@Azknowledgethirsty
@Azknowledgethirsty 5 жыл бұрын
But most of us won't, it's cumbersome...
@vivekjk6729
@vivekjk6729 5 жыл бұрын
Physical cash has more demerits than digital cash. No more pickpockets, no more armed robbery, no more loose change, faster transactions and more importantly convenience.
@davidgruen7423
@davidgruen7423 5 жыл бұрын
Polarised Society you can create your own as long as the other party recognize it.
@mariannypineda3224
@mariannypineda3224 4 жыл бұрын
Cashless society scares me. I was born in 1992, I hope when I grow really old, I'm still very up to date with the technology.
@goosesteppa7642
@goosesteppa7642 4 жыл бұрын
Just never vote for the dictating Liberals then.
@desvasta9906
@desvasta9906 2 жыл бұрын
I am in my 50's so in 3-4 decades where the peace period will be over, I should be in my 80's or 90's or maybe even gone, but I feel bad for the kids left behind. I don't have kids to worry about so I pray for my parents and siblings and the rest of my family to be forgiven and find peace so we can meet on the other side but pray for the rest who are lost and unbelievers!!
@kevinc3236
@kevinc3236 4 жыл бұрын
The bible been preaching this message for more than 2000 years already
@matthewgrant2785
@matthewgrant2785 4 жыл бұрын
More fiction from a fiction filled book
@jacobstaton99
@jacobstaton99 4 жыл бұрын
matthew grant wake up and look around you, it’s impossible you’re still so ignorant
@ziannaodogwu8440
@ziannaodogwu8440 4 жыл бұрын
@Los Angeles Man Most certainly has.
@ms.zelman3032
@ms.zelman3032 4 жыл бұрын
@@matthewgrant2785 lease look around you everything we see is pointing to a cashless system
@matthewgrant2785
@matthewgrant2785 4 жыл бұрын
@@jacobstaton99 Christianity is the epitome of ignorance
@GreaterJan
@GreaterJan 5 жыл бұрын
This isn't inevitable. Some countries like my native Germany are resisting!
@Azknowledgethirsty
@Azknowledgethirsty 5 жыл бұрын
Yeah, apathy and the new generation will demand it, instead of ignoring the problem like Germany we should make digital currency 100% secure, like bitcoin but for countries
@codenamebeats
@codenamebeats 5 жыл бұрын
@@Azknowledgethirsty you should be thankful strong hackers still exist. If you believe money will be 100% secure without physically existing in any form you will always have to trust and believe the ones controlling the system.
@Azknowledgethirsty
@Azknowledgethirsty 5 жыл бұрын
@@codenamebeats what if it's decentralized like bitcoin, the only way to mess with it is to have one nation / person / entity control 50+% of it which is impossible
@feenitacharles905
@feenitacharles905 5 жыл бұрын
Inevitable.. maybe after we solve world poverty. Every part of world should have access to electricity which btw is not a basic necessity. So yea, it might take centuries and also ppl might move to using gold or silver coins.
@familysoundschannel2895
@familysoundschannel2895 4 жыл бұрын
IT SHOULD BE AVOIDED
@sirebica
@sirebica 5 жыл бұрын
It means that we will be prisoners of banks and money never will be our
@fortheewinyeah3435
@fortheewinyeah3435 5 жыл бұрын
Only gonna get worst, it’s gonna be a lot of blood shed that’s why its gonna be war
@xm3405
@xm3405 5 жыл бұрын
Same banks who crashed the world's economy in 2008 destroying millions of lives.
@alextran1434
@alextran1434 5 жыл бұрын
except if we use decentralised cryptocurrency
@bluechip17
@bluechip17 5 жыл бұрын
Money is already gone what we use now is called Fiat currency.
@derylhenriquez2962
@derylhenriquez2962 5 жыл бұрын
They want to control us.
@jorgegomez524
@jorgegomez524 5 жыл бұрын
the point is who controls it. cashless society is a powerless society
@JT_India
@JT_India 5 жыл бұрын
There is nothing one could do about it. It started with introduction of paper money , corrupted pound of sterlings by the British royals , and finally by delinking currency from Gold reserves. But money is not just Gold or notes. Its a mix of sentiments. And so dont worry too much.
@michaelyenny7012
@michaelyenny7012 5 жыл бұрын
Yes.
@Bryanbkk
@Bryanbkk 5 жыл бұрын
Nope. This is the importance of the rise of Bitcoin.
@ihatealgebra2431
@ihatealgebra2431 5 жыл бұрын
You know internet, no one controls it.
@narcelinaguzman3512
@narcelinaguzman3512 4 жыл бұрын
Satan controlled it
@lindsaythebe231
@lindsaythebe231 4 жыл бұрын
i'm so proud of this comment section!
@Autigers2013
@Autigers2013 2 жыл бұрын
The rush to get rid of cash is complete control!!!
@fms6306
@fms6306 5 жыл бұрын
Revelations 13 v 16 - 17: "And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: 17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name."
@jgdooley2003
@jgdooley2003 4 жыл бұрын
I think the Irish Telephone Service must have a sense of humour because the prefix to all police telephone numbers is 666, the number of the BEAST. For example Lucan Police is 6667300.
@joeking1019
@joeking1019 4 жыл бұрын
@@jgdooley2003 All phone services will be run at 5g, a further entrapment. These 'companies' are pure filth
@luannequiles5791
@luannequiles5791 4 жыл бұрын
F MS or or or
@l.a.mottern3106
@l.a.mottern3106 4 жыл бұрын
A scary proposition indeed.
@airishviscara2326
@airishviscara2326 4 жыл бұрын
@@jgdooley2003 scary
@Henri_Ikari
@Henri_Ikari 5 жыл бұрын
Cashless society: Hackers: Allow us to introduce ourselves...
@weilee3848
@weilee3848 4 жыл бұрын
Me: no intro necessary we've already met
@rudyklassen8607
@rudyklassen8607 4 жыл бұрын
Yes never have and never will trust internet banking.
@waynebow-gu7wr
@waynebow-gu7wr 4 жыл бұрын
The hackers will probably be the banks if there's profit in it.
@alekskrstic1024
@alekskrstic1024 4 жыл бұрын
quantum procesors: alow us to introduce ourselves
@ruzzelladrian907
@ruzzelladrian907 5 жыл бұрын
I embrace technology and cashless transaction, but I prefer physical money to avoid bureaucratic taxes and be able to do anonymous purchases off the books. Because in a hypothetical future where government can take away our money or ban us to purchase, earn, and receive money just because we have different a political opinion, digital money is controlled by the government. They make it. They can take it.
@alexismiller288
@alexismiller288 5 жыл бұрын
I'd be fine with it if there was an economical Bill of Rights. But as of now, any bank or card network can just randomly decide to cut you off if you commit wrongthink. That's not okay, and it'll need to be fixed if we want to move forward.
@jamescarter8699
@jamescarter8699 2 жыл бұрын
In an Authoritarian Corporate ruled nation the only rights are what those in charge tell you, you have. And what is written means absolutely ZERO, ZILCH, NOTHING "0" NADAH.
@Mechjeb661
@Mechjeb661 Жыл бұрын
A bill of rights mean nothing if armed citizens do not fight to protect it. Think of the adage, "all bark and no bite".
@curiosityoverload5374
@curiosityoverload5374 5 жыл бұрын
Any person offending a big shot will end up "BANKRUPT". This is dangerous.
@JJs_playground
@JJs_playground 5 жыл бұрын
What happens if the electricity goes out, even for just a few days?
@JJs_playground
@JJs_playground 5 жыл бұрын
@meninnavy yes I do
@steelrose7342
@steelrose7342 5 жыл бұрын
All people go crazy. The businesses take advantage raising up prices. I experienced that after hurricane Maria.
@steelrose7342
@steelrose7342 5 жыл бұрын
Also you can withdraw for you bank account whatever amount you want or have. They were controlling how much you can withdraw.
@taradiez5684
@taradiez5684 4 жыл бұрын
It's going to be a chip implanted in your hand
@jasintosamora1103
@jasintosamora1103 4 жыл бұрын
@@taradiez5684 Or forehead.
@robertcunningham3976
@robertcunningham3976 5 жыл бұрын
I will absolutely go out of my way for my money to be out of the banking system and in my hands....parasites.
@logpost2950
@logpost2950 5 жыл бұрын
Robert Cunningham but the problems being narrated by French accented man are of banks problems? There should be an institution to look after money. Why money was created at first place? Will that purpose be served? Where is its value? Are they controlling us using some papers? Revolt against banks, through owners of banks. Fuzzy
@bishboshs
@bishboshs 5 жыл бұрын
I'm sure you're happy to take a mortgage though?
@carlgois8579
@carlgois8579 4 жыл бұрын
You don’t get it. It’s like going to Cuba. They use a CUC. It has an exchange with all or almost all currencies. However, you can’t take CUC to Canada, USA, or anywhere for that mater and exchange it to another currency. Adopted strictly for tourism because of the useless Cuban Peso. With this covid-19 situation right now and the state of every country’s piles, better take that money now, hold on to it, and make a wise decision when you can. You don’t want to be that unfortunate person with money that’s useless or has no tender. ✌️
@carlgois8579
@carlgois8579 4 жыл бұрын
I’m not Robert
@desvasta9906
@desvasta9906 2 жыл бұрын
yup with their maintenance fees, late fees and so forth to steal your money so what is the point of having a big checking acct. Even if I won money I would stick to small banks. Starve the big banks they are real leeches. that is why they want you to maintain 1500 minimum, Come on man who has that now days 😫
@jho4832
@jho4832 5 жыл бұрын
It’s already a reality in China.
@jamesdevassy9920
@jamesdevassy9920 5 жыл бұрын
cities only••
@willwasabi
@willwasabi 5 жыл бұрын
James Devassy No actually. Basically everyone with smartphones can do it, and the sellers don’t have to have pos machine nor even a phone, but with a QR code
@fengzhang3215
@fengzhang3215 5 жыл бұрын
@@jamesdevassy9920 everywhere, including subway, bus, etc with almost zero cost. Cash is not prefered in many shops.
@jiayangliu
@jiayangliu 5 жыл бұрын
Jay H True
@lucasl3784
@lucasl3784 5 жыл бұрын
Already including rural areas actually...
@eddieguerrero8106
@eddieguerrero8106 4 жыл бұрын
Cash 💰 is freedom.
@goosesteppa7642
@goosesteppa7642 4 жыл бұрын
It is also legal tender. A law the goverments made.
@raimundematiusaityte9929
@raimundematiusaityte9929 Ай бұрын
In what way? I haven't use cash for about 15 years and I don't see difference regarding freedom.
@only_fair23
@only_fair23 5 жыл бұрын
We need a black mirror episode on this.
@donnahubbard9085
@donnahubbard9085 4 жыл бұрын
No thanks stay with currency, will be easy for more corruption and banks are corrupt
@graceka7286
@graceka7286 5 жыл бұрын
Germany could never😂 we just love cash
@michaelochido3244
@michaelochido3244 4 жыл бұрын
From Kenya... we are also moving to cashless especially through the renowned mpesa app but we still value a little cash in our wallets,pockets.....
@matthewt.8785
@matthewt.8785 4 жыл бұрын
@@michaelochido3244 (i'm from Kenya too) even the commercials on tv discourage the use of cash to avoid the spread of 'covid 19'
@sassysasquatch2722
@sassysasquatch2722 5 жыл бұрын
Sounds like a disaster just waiting to happen. Kiss your privacy goodbye
@gotemcoach2346
@gotemcoach2346 Ай бұрын
Kiss our FREEDOM GOODBYE if we go to cashless society and don't forget everything going electric ⚡ too that's all connected to a global Internet with everything having a Killswitch from your bank account to vehicles , boats, lawnmowers , leaf blowers, cellphones, laptops, bicycles, scooters.
@logs
@logs 5 жыл бұрын
Hard cash will never disappear
@allyb6866
@allyb6866 4 жыл бұрын
But they will be worthless...
@allyb6866
@allyb6866 3 жыл бұрын
@Screaming Soldier never say never. Just look what is happening now with the government trying their best to make everything card and now wanting us to have the chip like other countries. It’s not on main media but do your own research. They don’t allow everything to go on main media.
@penpen6677
@penpen6677 4 жыл бұрын
I prefer cash. Comes in handy when debit/ credit is down ( which I rarely use ). Thats another danger of going cashless. Stores wont be able to be open for business if their only payment system is down. They will lose profits I know some stores are already cashless , but they are alienating customers. I dont go anywhere that doesnt accept cash. Everyone should have that right to choose how they pay. Im ok with some stores not allowing cash...as long as there is cash option elsewhere. We should always have the choice.
@JonesJr876
@JonesJr876 5 жыл бұрын
This video is very lacking. It speaks on information known for over 3-5 years. I was expecting to hear what role central banks will play in the future, and the costs of using physical cash compared to the costs of protecting digital currencies. So much new ideas to be discussed yet missed.
@auro1986
@auro1986 5 жыл бұрын
it means great depression, open-air crime and vandalism
@timurermolenko2013
@timurermolenko2013 5 жыл бұрын
In the past, money was represented by real Precious Metals. It had an absolute value in any country. Then it was substituted with paper which has no value. So now even having cash looks like a huge degree of freedom.
@ileorai9224
@ileorai9224 5 жыл бұрын
We need mutiply ways of payment, and cash is one of that.
@jeffreyrodriguez1913
@jeffreyrodriguez1913 4 жыл бұрын
I always knew money was worthless....and now its gonna be even more worthless🤦‍♂️.
@twi-nut7575
@twi-nut7575 4 жыл бұрын
@Mike Hunt MIKE HUNT 😂😂
@blacklyfe5543
@blacklyfe5543 2 жыл бұрын
Money ain't worthless but you are
@dcarbs2979
@dcarbs2979 5 жыл бұрын
A visit to my bank today tells you all you need to know: 3 empty self service terminals that the bank is trying to force onto you. Queue out the door for the one teller cashier.
@johnmuthan286
@johnmuthan286 5 жыл бұрын
Not even any teller cashier in my city with 6 Banks and each with their atm empty
@dcarbs2979
@dcarbs2979 5 жыл бұрын
@@johnmuthan286 Lucky you. We don't even *have* a bank in our town. My bank is in the next one!
@jofbeats11
@jofbeats11 2 жыл бұрын
I don't think cash will be completely obsolete. That's because alot of people including low level citizens, old fashions, and homeless use cash still. Along with the fact scams and hackers can attack ur account and bankruptcy. I think cash will still be around in the future.
@sri-6374
@sri-6374 Жыл бұрын
I think the same too Sry for my horrible english 😅
@jofbeats11
@jofbeats11 Жыл бұрын
@@sri-6374 it's ok dude thank you for you're comment I appreciate it😎
@waynebow-gu7wr
@waynebow-gu7wr 4 жыл бұрын
So a camera says your speeding, the money comes straight out of your bank account... and you will probably know nothing about it unless you check your bank statements daily.
@kellymckinney3168
@kellymckinney3168 4 жыл бұрын
There's almost no more privacy in the world today
@marisa4041
@marisa4041 4 жыл бұрын
A cashless society is only the introduction to the mark of the beast. “and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.” Revelation 13:17 NKJV
@calebpagan2226
@calebpagan2226 4 жыл бұрын
Bingo
@soeasy__laflare7183
@soeasy__laflare7183 4 жыл бұрын
Goosebumps
@sleeexs
@sleeexs 3 жыл бұрын
Fake scripture
@stac123100
@stac123100 4 жыл бұрын
Its already been foretold, you dont know what generation we are in ? This is wicked
@cameronsiebs
@cameronsiebs 5 жыл бұрын
Let's not forget if there's no cash and interest rates go negative, we'll have nowhere to hide. The premises of this would be to be able to force people to spend their money or lose it.
@dansmith1661
@dansmith1661 6 ай бұрын
You will be as rich as what the government allows.
@AreYouStanley
@AreYouStanley 5 жыл бұрын
"But privacy is the main conce...." _Blockchain has entered the chat!_
@MubashirullahD
@MubashirullahD 4 жыл бұрын
You can tell identity in Bitcoin blockchain. It is difficult not impossible
@footage6402
@footage6402 4 жыл бұрын
Bitcoin and other crypto currencies still require KYC laws and ID verification for any Cards or atm withdrawals. So it's still maintained by the government to use it anywhere other than on the web.
@captainplanet1260
@captainplanet1260 3 жыл бұрын
Blockchain IS the cashless society
@thomasaquinas5262
@thomasaquinas5262 4 жыл бұрын
We are close to a cashless society now. It will have a series of benefits, but one hidden problem is the power and tech concern. In a power failure, storm conditions, internet downtime, etc., with nothing to trade, how do we buy anything??
@desvasta9906
@desvasta9906 2 жыл бұрын
We still have time, they had said way before the cashless society they would make a global bank so we don't have to worry about losing from exchanges and if you bank with lets say Citi bank, you can still do the same transactions with any Citibank in the world so you don't have to deal with not being able to pay your bills from abroad.
@Flipfinder_uk
@Flipfinder_uk 5 жыл бұрын
I hope people have the balls to rebel against this
@philby1
@philby1 4 жыл бұрын
We need to keep cash more than ever. one of the few freedoms we have left. when that's gone they have total control over you. Use cash as much as you can people.
@desvasta9906
@desvasta9906 2 жыл бұрын
Its cheaper too, when you order food, use cash because they charge too much for delivery or tax, but if you call the restaurant directly they will do it and it helps them too, Just wish some would deliver to our address. this is the problem
@williamwilson6499
@williamwilson6499 5 жыл бұрын
‘If you want a picture of the future, imagine a boot stamping on a human face -- for ever.'
@rudyklassen8607
@rudyklassen8607 4 жыл бұрын
One foot on your neck.
@thomashydfors2748
@thomashydfors2748 4 жыл бұрын
I haven’t used cash for a couple of years in Sweden. Do not miss it at all. In fact I think it’s a step backwards when I go a broad and have to use real money!
@SUCHY1983ify
@SUCHY1983ify 6 ай бұрын
Why get rid of cash? I want the choice. I prefer cash. I don't like being dictated to how I spend my money. Cash will always be here, if it goes digital the system could wipe out. Digital is a bad idea and I don't like it one bit
@alwaysworking4god298
@alwaysworking4god298 4 жыл бұрын
Revelation 13:14‭-‬17 "And deceiveth them that dwell on the earth by the means of those miracles which he had power to do in the sight of the beast; saying to them that dwell on the earth, that they should make an image to the beast, which had the wound by a sword, and did live. And he had power to give life unto the image of the beast, that the image of the beast should both speak, and cause that as many as would not worship the image of the beast should be killed. And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name."
@victorpopov3809
@victorpopov3809 5 жыл бұрын
Digital money = government control Cryptocurrency =/ government control
@codenamebeats
@codenamebeats 5 жыл бұрын
Cash =/ government control So why eliminate that at all?
@victorpopov3809
@victorpopov3809 5 жыл бұрын
@@codenamebeats the government still controls all of the cash It does not control cryptocurrencies Plus cryptocurrencies have the benefit of not only being more convenient and much faster, but also pseudonymous/anonymous
@santiagorappy71
@santiagorappy71 5 жыл бұрын
Digital money = the money you normally use now digital! Cryptocurrency = Volatility! One day u're rich and the next day you live in the fucking street, no thx!
@link375
@link375 4 жыл бұрын
@@codenamebeats because they control the printer and silently rob you of purchasing power through inflation.
@waynebow-gu7wr
@waynebow-gu7wr 4 жыл бұрын
@@santiagorappy71 Exactly.... the banks aren't going to let cryptocurrency get in their way ! They'll find away to ban it from the internet, and it's destroyed within minutes.
@vanessab3391
@vanessab3391 2 жыл бұрын
You all know all the money you have in your bank account is being used daily, for bank loans, etc. Why do you think you get charge a monthly fee when you have less than a certain amount? At least that's how it is at my bank.
@matildamaher2650
@matildamaher2650 4 жыл бұрын
I purchase most of my items with cash, I use my debit card just to take my salary out and leave the rest only for direct debit for bills
@erzan
@erzan 5 жыл бұрын
We need *Universal Basic Income* to prevent homeless from this impact, among other things.
@maxrr555
@maxrr555 5 жыл бұрын
Universal basic income, but not in a "here is x amount of money for you to spend" way. More like we will give you a place to live and enough food to live. When I was working in a supermarket I saw people just finessing the system, buying alcohol and cigarettes and the least amount of shit quality food to barely survive. Tl;dr: give them group housing and bags of food, no money.
@Luis-rc4pq
@Luis-rc4pq 5 жыл бұрын
yeah, I get it but the government should do something about coins... no one wants them and they probably cost more to make than what they are worth.
@tsubakoyumi194
@tsubakoyumi194 5 жыл бұрын
Coins are way more resistant than bills. They don't tear or crumple, don't get destroyed if you forget to take out of the pocket when you wash your clothes and have a better price to make vs durability ratio
@Kelly-oe8kr
@Kelly-oe8kr 4 жыл бұрын
A cashless society allows banks to charge whatever fees they like, what other option do you have!
@tinacollier1447
@tinacollier1447 3 жыл бұрын
Exactly and the use of debit cards are going to skyrocket. When they first tricked people into cards it was almost free. Now its fees,fees,and more fees. You'll be broke just from the fees.
@sandravictor3857
@sandravictor3857 4 жыл бұрын
Cash is King no cards, or chips for me. Mark of beast.
@The_Unkown_144
@The_Unkown_144 8 ай бұрын
A Cashless society means the end of society we need cash keep cash
@inthefight
@inthefight 4 жыл бұрын
No one has ever hacked my wallet.
@Stinkmeaner420
@Stinkmeaner420 4 жыл бұрын
But someone could steal it
@sunniertimer598
@sunniertimer598 4 жыл бұрын
@@Stinkmeaner420 At least that comes with a fighting chance.
@andreaam805
@andreaam805 3 жыл бұрын
But someone could steal it or you could lose it and unlike digital money you can’t just avoid people from using your money.
@inthefight
@inthefight 3 жыл бұрын
@@andreaam805 i cant wait for the days when we go back to bartering chickens. MARANATHA!
@marlonmoncrieffe0728
@marlonmoncrieffe0728 5 жыл бұрын
Keep cash-at least until everybody born before the 1990s has died. But I'd rather keep cash around (but lose the penny).
@RK-ep8qy
@RK-ep8qy 5 жыл бұрын
Marlon Moncrieffe I was born in 2001 and I’m not a fan of this either, don’t exclude me!
@Liberty_Freedom_Brotherhood
@Liberty_Freedom_Brotherhood 5 жыл бұрын
I can’t see this happening for at least another 50-100 years, there is way too much inequality even in the developed Western countries. If you remove cash there will be a humanitarian crisis when homeless people and others who don’t have bank accounts or smartphones suddenly are financially excluded.
@michaelyenny7012
@michaelyenny7012 5 жыл бұрын
Can’t lose the penny. Leads to greater inflation.
@marlonmoncrieffe0728
@marlonmoncrieffe0728 5 жыл бұрын
@@michaelyenny7012 How so?
@michaelyenny7012
@michaelyenny7012 5 жыл бұрын
Marlon Moncrieffe Why not lose all coins and round the price of everything to the nearest dollar? No. It hurts the poor. You don’t how much money $1 is to some people. Some people out there live on less than $1/day.
@SugaLuv2
@SugaLuv2 5 жыл бұрын
Videos such as this make me want 2 use cash more, not less.
@YahushaDollie
@YahushaDollie 4 жыл бұрын
Mark of the beast is coming, new world order coming!
@sleeexs
@sleeexs 3 жыл бұрын
No.
@cherylwulfers9796
@cherylwulfers9796 4 жыл бұрын
It becomes easier to have your funds frozen by anyone who can gain access to your information. From criminals to government agencies.
@liannechristie1987
@liannechristie1987 Жыл бұрын
This is also why clothes shops on the high street r going out off business & going online not only there putting up rent on shops but also because people find it easier online not going out anywhere plus just choosing & it b delivered 2 u. What’s happened to wanting 2 keep hold off ur money & not let banks have it or plastic cards this is why we now have loan sharks and so many people in debt. If u saved ur money in cash & ur holding it in ur hand instead of a screen telling u want u have in the bank it would be so different
@settembrini42
@settembrini42 5 жыл бұрын
cashless society means: (1) loss of electricity will always mean complete breakdown of the payment system, (2) total dependency on bank fees, (3) in case of hyperinflation, the state can shut down all escape routes, (4) increased data privacy/security risks
@WOLFROY47
@WOLFROY47 4 жыл бұрын
money will end or humanity WILL END plus 80% of all life on earth, one of these things is inevitable
@brianmorrison9066
@brianmorrison9066 4 жыл бұрын
What's the rush to get rid of cash? Control! They will be able to control you, monitor you and cut you off if you cause a issue.
@vimalcurio
@vimalcurio 3 жыл бұрын
People!! India already has done it and trust me it's so comfortable here in terms of cashless and its safe too as far it is. It's called upi technology I don't understand why developed western countries not have implemented yet!?!?!?
@margaretswartz3348
@margaretswartz3348 4 жыл бұрын
RESIST!!!
@michaelyenny7012
@michaelyenny7012 5 жыл бұрын
Cash is King. Without physical cash, it becomes that much easier to control everyone - a loss of freedom. People lose track of how much they spend without physical cash. Using credit/debit cards and phone apps as payments: you have to understand what is being done to you in that sense. Cash is motivational. I like to see my earnings in that way. Cash tips are motivational to workers. Don’t carry large amounts of it, though.
@codenamebeats
@codenamebeats 5 жыл бұрын
A decent, fireproof safe costs about $200-$500 and lasts a lifetime. I'd rather take the risk of a home invasion than getting bankrupted by a bank whenever they fuck up.
@binhan6432
@binhan6432 5 жыл бұрын
As someone in China this is like you clicked on a video from 5 years ago.
@jve89
@jve89 4 жыл бұрын
I was in Germany recently and they still live in the stone age over there. Lot of places don't accept cards. Only cash. I was really stunned by it.
@MissMakea
@MissMakea 4 жыл бұрын
jve89 very true, unfortunately
@emanuelpruteanu8623
@emanuelpruteanu8623 2 жыл бұрын
What do you mean Stone Age? Cash is king. If that is taken away from us we will be in total control of the government. It’s part of the new world order. Wake up to reality……. It really is sad
@somerandom7672
@somerandom7672 4 жыл бұрын
I haven't watched the video yet, I just came here to rant. First of all, what about homeless people? As if life isn't hard enough for them already. But, in general, I hate the fact that everything has to be monitored. People think we're free, but we're not. You can't build or even camp on your own land without permission - which is usually denied. Think about that. It's like finding birds in their nest in a tree, or rabbits in their burrows, and 'evicting' them before smashing their shelters, because they didn't have 'permission' to meet their basic needs. Then the homeless (which might now include our hypothetical landowner who isn't 'allowed' to build himself a home) are told they're not allowed to sleep or shelter in public spaces. Even regular people complain that they're an eyesore. Are you freaking kidding me?! Human beings are dying in the streets and living like dogs, while surrounded by supposedly civilised and moral people... But poor you, you have to _look_ at them for a few seconds. People won't admit it, but the attitude of many is 'let them go away out of my sight and die somewhere'. There are a number of ways in which we're restricted. I'm all for laws, don't get me wrong. They are necessary. But there's a difference between being under the law and being controlled. Removing cash means that you can't make a single untracked payment or have anything stashed away. If the government ever decided to hold your funds, you would be left with absolutely nothing. Why don't people see where we're headed? We were warned so long ago, most of us have heard of it, but we deny it. Revelation 13:13 And he doeth great wonders, so that he maketh fire come down from heaven on the earth in the sight of men, 14 And deceiveth them that dwell on the earth by the means of those miracles which he had power to do in the sight of the beast; saying to them that dwell on the earth, that they should make an image to the beast, which had the wound by a sword, and did live. 15 And he had power to give life unto the image of the beast, that the image of the beast should both speak, and cause that as many as would not worship the image of the beast should be killed. 16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: _ 17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. _ 18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.
@animalplushworld100
@animalplushworld100 3 жыл бұрын
If we go cashless there will be no more scams anymore.
@1snikta
@1snikta 5 жыл бұрын
I'm going to be in the streets.... Already getting the mindset ready. Bible coming true
@racpatrice
@racpatrice 5 жыл бұрын
Exactly what I was thinking. Mark of the beast!!
@salem5665
@salem5665 4 жыл бұрын
the less friction upon spending, the more you'll find yourself enslave to debt.
@TL-fe9si
@TL-fe9si 5 жыл бұрын
beggars in Shanghai carry their own QR code....
@deniseg-hill1730
@deniseg-hill1730 4 жыл бұрын
There are still plenty of places in Germany where cash is very welcome thank goodness. Some of us only use cards for large purchases.
@jamesjohnson1205
@jamesjohnson1205 4 жыл бұрын
Your funds can be taken while you sleep. No way to control your account.
@PeterXian
@PeterXian 5 жыл бұрын
There won’t be cashless fully. Too many *important* cash transactions take place
@mzamroni
@mzamroni 5 жыл бұрын
maybe we can back to gold standard. cashless makes easier to use gold standard
@williamjohn3391
@williamjohn3391 3 жыл бұрын
Investing in crypto now is very cool especially with the current rise in the market now
@paroitymata5213
@paroitymata5213 3 жыл бұрын
Yes you are right
@paroitymata5213
@paroitymata5213 3 жыл бұрын
Thanks for introducing me to Mrs Allen
@markangel8353
@markangel8353 3 жыл бұрын
People are scared of investing because of the high rate of scam in the business
@markangel8353
@markangel8353 3 жыл бұрын
Making them to remain poor out Of ignorance
@enkhbatnaya6801
@enkhbatnaya6801 3 жыл бұрын
There are scammers but there are real brokers waiting for investors out there
@Artificialintelligence-xd8pb
@Artificialintelligence-xd8pb 4 жыл бұрын
Many people are saying they will turn to barter trade if cash is taken out of circulation they won't allow barter trade on the basis they can't tax it,big up from Kenya 🇰🇪🇰🇪
@orange70383
@orange70383 4 жыл бұрын
It means but one thing, control. You will forced into an electronic system where everything is monitored and you will be judged and categorized. It's big brother, it's a huge loss of freedom and privacy, it's a world I don't want to be apart of but I'm sure many people cannot see the bigger picture of complete control, and that a cashless system will just be one step towards your complete loss of living free.
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