Torch TV - Cash may well become a casualty of the novel coronavirus pandemic... Subscribe:
As these lockdowns drag out, more and more individuals and businesses are going cashless (for convenience and in a so-called effort to avoid spreading coronavirus germs), engaging in online commerce or using digital forms of currency such as bank cards, digital wallets, etc. As a result, physical CASH IS NO LONGER KING.
Yet there are other, more devious, reasons for this re-engineering of society away from physical cash: a cashless society is a product of a concerted campaign to shift consumers towards a digital mode of commerce that can be easily monitored, manipulated, hacked, hijacked, confiscated and locked down when convenient, and would play right into the hands of the government (and its corporate partners).
To this end, the government and its corporate partners-in-crime have been waging a subtle war on cash for some time now. What is this war on cash?
According to economist Steve Forbes,
“The real reason for this war on cash is an ugly power grab by Big Government. People will have less privacy: Electronic commerce makes it easier for Big Brother to see what we’re doing, thereby making it simpler to bar activities it doesn’t like, such as purchasing salt, sugar, big bottles of soda and Big Macs.”
In much the same way that Americans have opted into government surveillance through the convenience of GPS devices and cell phones, digital cash—the means of paying with one’s debit card, credit card or cell phone—is becoming the de facto commerce of the American police state.
Not too long ago, it was estimated that smart phones would replace cash and credit cards altogether by 2020. Right on schedule, a growing number of businesses are adopting no-cash policies, including certain airlines, hotels, rental car companies, restaurants and retail stores. In Sweden, even the homeless and churches accept digital cash.
Making the case for “never, ever carrying cash” in lieu of a digital wallet, journalist Lisa Rabasca Roepe argues that cash is inconvenient, ATM access is costly, and it’s now possible to reimburse people using digital apps such as Venmo. Thus, there’s no longer a need for cash.
“More and more retailers and grocery stores are embracing Apple Pay, Google Wallet, Samsung Pay, and Android Pay,” notes Roepe.
So what’s the deal here?
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