More and more countries are talking about stopping the production and use of cash in their economies.

The message is carried by the most prominent link of the monetary chain: States. Powerful lobbies are pushing ever stronger, in order to achieve total and absolute control of our economies.

All over the western World banks are shutting down cash machines and branches. They are trying to push you into using their digital payments and digital banking infrastructure.

Just like Google wants everyone to access and navigate the broader internet via its privately controlled search portal.

Financial institutions want everyone to access and navigate the broader economy through their systems. In behavioural economics this is referred to as ‘nudging’.

If a powerful institution wants to make people choose a certain thing, the best strategy is to make it difficult to choose alternatives. 

Electronic payments mean less privacy. You might trust the organizations that handle your data, and you might have nothing to hide, but your payment information could turn up in ways that are impossible to predict.

Cash allows you to spend money and receive funds anonymously.

The poor and unbanked will have an even harder time in a cashless society. They do not have expensive devices for making payments, and those who operate in the informal economy would have no way to get paid or receive aid.

Blackouts and innocent mistakes can cause problems, leaving you without the ability to buy things when you need them.

Likewise, merchants have no way to accept payments from customers when systems malfunction. Even something as simple as a dead phone battery could leave you ‘penniless’.

Hackers are the bank robbers and muggers of the electronic World.

In a cashless society, the consequences are higher if somebody drains your account because you do not have any alternative ways to spend.

Even if you are protected under federal law, you face significant inconveniences and other consequences after a breach.