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Cashless Society

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Submitted By Jlago21
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As you may know our society today is very adamant on using credit and debit cards or pre-paid visas. The global establishment is increasingly pushing the notion of a “cashless society” a world in which all payments and transactions are conducted electronically, creating a permanent record for governments to inspect and track at will. Multiple governments including but not limited to, Africa and Asia to Europe and the Americas are working toward that goal. Powerful global forces including the United Nations are helping as well. Although, analysts are warning that such a shift would be nightmarish for liberty and privacy.
Now there are some pros to this “cashless society” which include; possible reductions in armed robbery, tax evasion, black-market commerce, the cost of printing and securing physical cash, and more. Although critics are warning of the dangerous schemes that could be unleashed in a world where out-of-control governments can monitor literally every purchase, transaction and bit of economic activity.
There has yet to be a completely “cashless society” but Israel is probably the closest and will be the first. A committee chaired by Israeli Prime Minister Benjamin Netanyahu’s chief of staff has come up with a three phase plan to “all but do away with cash transactions in Israel”. Individuals and small businesses would still be allowed to conduct transactions in cash, initially at least, but the goal is to force Israeli citizens to conduct as much business as possible using electronic forms of payment. Israeli officials believe that cash is bad because it fuels the underground economy and allows people to avoid paying taxes.
All in all, it looks to be like we are on our way to a “cashless society”. The end goal, as they openly admit, is an ultimate end to all cash transactions, supposedly ushering in a wonderful world of safety and flourishing digital commerce. The darker side is rarely discussed, but as the move toward a “cashless society” accelerates, critics are increasingly sounding the alarm.

References http://www.thenewamerican.com/tech/item/18619-establishment-pushing-cashless-society-to-control-humanity http://www.zerohedge.com/news/2014-05-27/government-plan-would-transform-israel-world%E2%80%99s-first-cashless-society

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