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Topic: Financial Control or Anonymity (Read 126 times)

member
Activity: 112
Merit: 12
February 19, 2018, 05:16:35 PM
#2
we are constantly being pushed into not using cash,
card payments is what traders prefer I think because they dont have to hold as much cash in their cash registers,
this has a few advantages, staff do not have access to as much cash and for theft there is less cast to be taken.
I wonder will the next step be to reduce the amount of ATM's especially if cash useage is diminishing?
full member
Activity: 490
Merit: 136
February 19, 2018, 10:26:56 AM
#1
I know there have been other threads about this subject in the past but I wonder do people realise this is another move to control the masses, us?
If we think about it when the move is finally complete and cash is no longer available
we wont be able buy or sell anything without the banks and governments knowing about it.

Today I can sell my car for cash without anyone knowing about it,
in the future with no cash in circulation governments can potentially look for a "tax" payment for my sale.

This is a perfect reason to get into Bitcoin, Litecoin, Monero, Dash and others to provide an alternative to this form of tracking and controlling our financial movements.

Here is another report below from 3 days ago about moves in India to withdraw "cash",
not all cash but the most common notes from circulation leaving many with a financial system they cannot access.

https://www.huffingtonpost.com/entry/cashless-society-poor-exclusion_us_5a857082e4b0ab6daf463c4a

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