Report: UK Moving Away From ‘Peak Cash’

(TruNews)

 

Cash Is Projected To Be Used In Just 21 Percent Of Transactions By 2026.

According to a new report out of the United Kingdom, consumers are quickly moving away from cash as the means of conducting business transactions. Continue reading

66% of the Economy is Already Electronic & 99% of Money is Electronic

 

QUESTION: I loved your mention of how our money is not “printed”. You are THE ONLY financial expert to mention this. And you can’t understand our economy without understanding Electronic Money. I researched this 3 or four years ago and came up with, .003 physical currency vs the rest as Electronic Money. I later stumbled across an article on the same subject by an economics professor who put the ratio at .0003 physical. SO, who/where/how much/ and by who’s authority is E money created? E money is how the economy is propped up, and the amount is in TRILLIONS UPON TRILLIONS.

ANSWER: That is about correct. However, it is actually much worse. About 40% of the value of the paper currency of the United States circulates outside the USA. In fact, about 40% of the debt is also held outside the USA. Continue reading

China and Russia: Full Steam Ahead Towards a Cashless Society – Rory Hall

China and Russia: Full Steam Ahead Towards a Cashless Society - Rory Hall

 

We reported back in November 2016 – Cashless World: 1 out of 3 People Never Use Cash – fewer and fewer people understand the importance of using cash to protect themselves from an overarching government warlord. At the time, China’s use of digitized currency was growing at about 40% per annum. This means millions of people each year freely hand over their cash and opt to use their cell phone, online currency transfers or a plastic debit/credit card to make 100% of their purchases. We see this as nothing short of happily going into the gulag of digital enslavement. Continue reading

Greece Unleashes ‘Soft’ Cash Ban

The spread of global cash bans continues with Greece unveiling their so-called ‘soft’ approach by which taxpayers will only be granted tax-allowances or deductions when payments are made via credit or debit cards. As KeepTalkingGreeece reports, the new guidelines refer to employees, pensioners, farmers, and also the unemployed. Continue reading

Holidaymakers warned to take cash to Greece amid financial collapse fears

The Greek tourist board in London said that while it anticipated no immediate problems, visitors should avoid relying solely on credit cards or local ATMs.

Travellers should take “enough money to cover emergencies and any unexpected delays”, the Foreign & Commonwealth Office states. Travel experts recommended taking around three to five days’ worth of spending money in euros, alongside credit and debit cards.

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Sweden close to being cashless society: report

Four out of five purchases in Sweden are paid electronically or by debit card and with the development of cheaper technology the trend is moving towards a fully cash free society, according to a new report.

“Sweden and the rest of Scandinavia leads the world in terms of cashless trading,” said Bengt Nilervall at the Swedish Federation of Trade (Svensk Handel).

Swedes use their debit and credit cards almost every day – an average of 260 transactions per person per year.

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