Showing posts with label cashless society. Show all posts
Showing posts with label cashless society. Show all posts

Wednesday, February 3, 2016

Germany Unveils "Cash Controls" Push: Ban Transactions Over €5,000, €500 Euro Note

It was just two days ago that Bloomberg implored officials to “bring on a cashless future” in an Op-Ed that calls notes and coins “dirty, dangerous, unwieldy, and expensive.”
You probably never thought of your cash that way, but increasingly, authorities and the powers that be seem determined to lay the groundwork for the abolition of what Bloomberg calls “antiquated” physical money.
Read more at Zero Hedge
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Monday, February 1, 2016

So It Begins: Bloomberg Op-Ed Calls For An End Of Cash

In a moment of curious serendipity, a little over 90 minutes after we showed what a dystopian, centrally-planned, cashless society unleashed in a negative interest rate world would look like ("by forcing people and companies to convert their paper money into bank deposits, the hope is that they can be persuaded (coerced?) to spend that money rather than save it because those deposits will carry considerable costs"), and briefly after we laid out the countless recent warnings from "very serious people" that cash is evil and should be banned:
Read more at Zero Hedge Read More......

Wednesday, October 28, 2015

People In Sweden Are Hiding Cash In Their Microwaves - Cashless Society - Negative Interest Rates

Sweden is shaping up to be the first country to plunge its citizens into a fascinating — and terrifying — economic experiment: negative interest rates in a cashless society.


The Swedish central bank held its benchmark interest rate at -0.35% today, the level it has been at since July. Read more at Business Insider Read More......