The funny thing is that as soon as first crisis sign’s appear, all people saying that cash is unnecessary will be the first ones running to withdraw there money.)
I live in Sweden and was born here. I am ashamed of the lack of critical thinking that revolves around this topic. This is a total embarrassment for the world to laugh at us. Nobody should follow in our footsteps. Hopefully there will be enough resistance for this not to become a reality.
@@raimundematiusaityte9929hopefully now you have an example why NOT to go completely cashless.. here in the USA, we just had a hurricane go through Asheville, North Carolina. It wiped out everything - electricity included. The town is basically cut off from anything because of flooding and road damage.. without cash, those people cannot buy basic needs, food, gas etc.. there are no ATMS working to get cash either.. always, always, have cash saved up in your house or in a safe just in case. Hopefully you never need it but there may be a day and you won't be prepared.
I feel a cashless society looks like a soft society. People are less likely to be motivated to achieve. Australia wants to become a cashless society. I'm an Australian living in Indonesia and only use cash except for internet purchases. I like it like that.
I live in Sweden and I hate cash. Inconvenient as all heck. Cash is the one thing I find most burdensome when I go abroad, which happens a lot. Feels so archaic to have to fiddle with something that I never have to think about in my every day life. If I have my phone, my smartwatch or a card, I can always pay. And I always have one of those. Making my way to an ATM, making sure I have enough cash on me if I want to do something in particular a.s.o. It's the worst! I have better things to do with my time...
Indonesian government actually starting the push to cashless payment. It started with toll roads and public transport. Now all QR payment system are standardized using QRIS.
Exactly 5 decades back ABBA the Swedish band sang the song whose lines goes "Money Money Money ....very funny in the rich man's world" and their words turned out to be true.Who knows if they were metaphorically predicting a cashless society decades prior to the inventions of mobile banking and bit coins.
Cashless is banned in 5 US states... They looking at protecting cash in the UK too... Don't look like the cashless concept will be in a rush to take off anytime soon in those places...
This is so very weird for a geographic place right next to russia look at the sabotaging of nord stream 1 or 2 because of the conflict in Ukraine is only logical if I was russia that if nordic countries joing nato a major target will be their cashless digital networks
@@RM360CR Russian cyber attacks is hilariously incompetent, as the war in Ukraine has proven. Swedish cybersecurity is world leading and if there was a conflict it would be Russia that would be shut down by Swedish cyber attacks.
how privacy is ensured? are all transactions traceable? what happens in power outages, loss of phones, loss of cards? are all citizens condemned to need a bank account or there are alternatives? how secure are those transactions? electronics = higher risk of failure, what happens then?
It is really funny to think that there are countries like USA where there are people who don't have bank accounts. I just can't understand it. Everyone here has bank account. Always had. You can't live here if you don't have one. It is simple impossible. Transactions are super secure in Europe. Everything has worked perfectly for decades already.
@@RavenWolf654 Exactly! Like how does people receive their salary if they don't have a bank account? Is there someone at the company, who's job it is to count and hand out cash or write checks to people??
@@RavenWolf654 That is just so weird to me, I would be so scared of being robbed walking around with that much cash, plus how do you keep check on your finances...
The risk of a cyber crime is way way lower than actual robbery. Compare how many times you heard of cash robbery in banks shops pedestrians etc with cyber frauds. Also by taking just some simple obvious precautions those get negligible
I assume you're older. Because most people who use cash where I'm from basically either do something they don't wanna pay taxes over or are old and haven't been able to get used to using their debit card everywhere.
A survey made showed that 75% of the people in the survey used Swish rather than cash during the last month. 9% of payments in stores is made with cash.
not gonna lie, as someone who was born as a swede and grew up with cash and later with card, I really liked the concept of cashless society. That was, until I realized that once all the money is stuck at the bank and can't be stored elsewhere, the banks can do whatever they want with the money.
@@cataclysm9279 we still have, but in Sweden, most places don't accept cash, and if you try to withdraw too much cash from your bank account or try to deposit too much, you will be investigated as if you were a drug dealer or something.
Making way for Mark of the beast! Chip in hand for head ANTI CHRIST SATAN'S PLANS OF EVIL! NEW WORLD ORDER! SAD TO SEE SWEDEN OFEND SOON THE ALMIGHTY GOD OF ISRAEL THE TRUE AND ONLY AMEIN. DO NOT TAKE MARK OF THE BEAST WHAT EVER YOU DO OR EALSE GET SICK LOOSE ETERNAL LIFE... SEE BOOK OF REVELATION BOOK 66 KJV BIBLE
@@yahshamayim Did you ever think that the mark could be the gun nuts ( who can't tell the second commandment from the American second amendment) who demand cash be used? People were up in arms about antichrist being credit cards back in the 50s and everybody having bar codes on the heads ina few years. 😛 BTW, I am Christian.
What happens if you lose your phone too many times or there's a power outage? Write a I.O.U. ? Hope your pen has enough ink...and there's enough paper???
Uhm, we still have debit and kredit cards??? And if there is a power outage in the store you can just swish the cashier and they'll pay later. That's how we solved it when I used to work in a grocery store a couple of years ago.
Only 3% of all money physically exist actually anyway. 97% of the money are just virtual numbers in computer systems. What real difference does it make? Been last week to sweden and i have not seen any swedish krones at all. I have also not seen anyone using it. I like it, as it is so easy to pay, especially as a foreigner. Just brilliant!
You pay by phone and just enter the other persons/companies phone number, add the amount, press send? It's actually become very easy to make private transactions as you will always have exact amounts without having to carry change or hope that your trade partner has change. (If you mean "secret" transactions, then yes it's more difficult.) Also what is this "if the power goes out" you talk about?
It's not like any place would accept cash if the power was out anyways. But in the 15 or so years we've been more or less cashless it's never once been a problem for me. Hmmm....
@@Dimmez Yeah because there aren't people that don't have a phone, or electricity or don't want to have neither... And I definitly don't want the government or the banks or anyone else know what kind of payments I sometime do. You just give quite a lot of institutions all your payment information all the time... Markets pay very good money for information you just give out for free.
@@Minecraftzocker135 If you don't have something as basic as phones or access to electricity, then you simply do not fit into first world countries like Sweden. I'm pretty sure cash won't die out completely from the world just like there are still countries that still uses horses to pull carts. Third would countries with inferior technology would still rely on cash.
@@khoinguyenphamtrong4637 Cashless is only leading to a dystopian nightmare a bit further down the track. There is a global agenda at play here, and the final stage is when governments will start programming digital currencies, controlling how and where the population uses the digital currency. Let's see how much you like it then.
I know! The tech behind Swish that we love and pride ourselves so much on here in Sweden actually comes from Tanzania or somewhere there abouts. Many African countries are way ahead when it comes to mobile payments & have been for years.
@@jasonsylvester7934 You're right, it's obvious a lot of people remain poor due to ignorance It's better to take risk and make sacrifices than to remain poor
Hows everyone likely that "free stimulus money" now? I figured it was just a way to purge out Social Security but now I see it was a way to purge cash. Makes me wonder if theres more to the schools being closed also.
As a tourist is very annoying. Tourists usually buy the local money to spend it during the trip. In Sweden I have to use the card from my country and being taxed for international shopping just to buying a simple bottle of water.... Plus instead of wasting paper to print money they waste tones of paper for EVERY RECEIPT. Ridiculous.
Americans don't use debit cards. With debit cards you can get cash without paying anything for it, with credit cards (what Americans use) you pay every time you get cash from an ATM. We have it better organized here in Europe. Much more secure. In the US you have like fifty companies in-between that try to do the things debit cards from the banks themselves already do. On top of that the banks in the US literally charge for everything. Here they don't. And if they do it's a very small amount annually or per month (like a couple of bucks to own an account).
@@onee most banks cover the ATM fees and credit card rewards more than make up for any fees, debit cards are one the the silliest financial decisions you can make. Also as an American I can tell you everything is pretty damn secure and I almost never need to use cash. In the end compelling people not to use cash is frankly immoral, I don’t need the government having that kind of leverage over us. Losing the freedom is hardly worth it.
Inform yourself about the dangers of CBDC's, before you praise the cashless society. The risk is very real. The "Better than cash alliance" if funded massively by the Bill & Melinda Gates foundation. Maybe that triggers youre curiosity.
@@gorillamasterofgaming5525Are you? There are many countries where cash is dissapearing. It is not only in Sweden or Denmark. Even China is among these countries. Only less developed countries are sticking with cash.
@@raimundematiusaityte9929 I stick with cash. just because its the cool hip trend dosent mean you should do it. Do you see videos of people eating tide pods and decide to eat one yourself?
The video shows numerous cards being swiped.... sorry, in Europe we don't swipe cards for like... 10 years.And: more than 50% of payments in Sweden are with phones (without any card at all).
Great! A drug dealer that was arrested some time ago in Stockholm had his whole client list in the Swish app on his phone since they had payed him that way hahaha busted!!
@@raerae1283 Frankly I have not seen or heard anything that suggest that Sweden intends to launch its own digital currency and I am Swedish. I fail to see the point since we already use electronic money by going cash free. Corona also describe the edges of the sun, you know. Solar corona.
@The secular humanist not every one has a cart here in Australia, the minority i will agree. Also a lot of people do there banking through small local banks. But thanks for the reply
There is a tech being developed called quantum computing. I dont understand the tech too much but this tech makes me scared of being a cashless society.
As a Swede I was surprised at how much people around Europe still used cash...it’s sooooo much easier to manage and save money when you have it all in your account and can see your amount every time you pay
Banks need deposits since it's their liabilities. Their assets will become toxics as the interest rates go negative. Their balance sheet will inverse, deposits interest will become the banks earnings and their assets (morgage, treasuries, bonds, stocks) will become an expense. The financial system will go upside down and we will subsidize corporations, governments and banks debt.
Banks do not bother with cash or liabilities. They just make up debt from scratch and then pretend that it is actual money that is owed. Over 99% of all 'money' is made up of fake debt likt that.
Well, expect for the major cities Sthlm, Gothenburg and Malmö, where there are some, we don't really have homeless people in Sweden. In my hometown I've never seen a homeless person. And the few that are homeless in the big cities, many of them earn money by selling magazines for example and they have a card reader you can pay through.
that's not the only bad thing in a cashless society, another bad aspect of a cashless society is what happens if there is a major power outage or a cybersecurity hack? banks and other financial institutions have been hacked in the past and money was stolen (digitally). won't a cashless financial system be much more vulnerable to collapse ?
the people who own these banks want the complete control of the people money and the idiots are there to compromise thier privacy in the name of convinience
When I visited Norway, I could pay with my debit card everywhere like the other European country I'm from. Which was really nice, I didn't need to use any cash and my bank's currency rate is very good.
Here is what i think... good luck, cuz now ALL of ur person info is open to those who ARE going to abuse it... No, thugs are a minor, I am talking about those who pledged to "protect" and "serve" u.....
I just have on thing to say to the people in this comment section everything does not have to be a god damn conspiracy to take your freedom. I even live in Sweden and i love the system we have now it's convenient and i know it's a controversial thing to say these days but i trust our government and will most likely trust the next government aswell.
@@austindouglas6345 Beautifully said,I tell this to my folks everyday.its good to save money but most people don't understand how the market moves and tend to mislead in facts like this and always depend on money in the bank.
@Rita J. Hernandez Hey this is a computer age, peeps who aren't even trader's make money from the crypto and forex markets, how many millionaires do you know who have become wealthy by Investing in savings accounts?
If you think you're too busy to trade or learn how to trade, just know I have some friends who Invest in a platform where experts devote their time and help them trade and generate a good ROI
@@TheWareek Sure, but we don't have that climate in Sweden so the risk of big fires aren't that big. And even if there would be a power outage, cash wouldn't help much anyway. The stores need electricity for the cash registers to work.
It doesnt. They have there own credit cards or phone. You're supported by the goverment to get back on track. Its a rough statement but being homeless in Scandinavia is kinda your own choice.
Masage for andre abijan bagdad come frome Andry Abdjan indonesia =I hope the theft of bank money by irresponsible parties can be quickly resolved, money sent from abroad is a trust, don't take it, make it a shame to make state money insulting this country like you can't find money, just steal money from customers, for example, in Kalimantan, Bali and I've also experienced it makes people concerned Hendrik, you misread, maybe I need information about the actual business on the Jakarta Stock Exchange yesterday, 2019 that I borrowed money from in a Swiss bank.
Even seasonal icecream-vendors in Stockholm have to offer digital payment, or else they loose business. There simply not enough customers around with cash on them. This reality comes to the rest of the world, including US, soon enough.
mobile app scans digital money from your account at table or machine. credits get loaded on to machine or converted to chips at table. if you leave the table or machine with money, it gets transferred back to your account
The more backward, the more likely are they going to use cash. That’s why poor tourists still get pickpocketed in those countries. Cashless all the way please.
ok 100%. I thinks is 2 years ago i have cash on me last time!. Everything works 100% and is so esy and fast!. Even to pay to a friend/shop etc.. some money is ok via mobil tel, in a second!. Huge from Thomas in Sweden
Contactless Chip.... hmmm this was 9 months ago, and they already were using the term that we hear as the new normal now... (Contactless this and that... talk about preplanned) Never let a good crisis go to waste... Sounds like to me if people want life back to normal we will be paying a bigger price then some of us even realize .....
As a Swede I find our system so convenient! I haven't used cash in years and I've had a couple of coins in my wallet since I bought it like two years ago haha. Even my grandparents never use cash, only cards and Swish. I think it's great that the government can track monetary transactions so that it makes it harder for people to not pay tax and harder to deal drugs etc. They arrested a drug dealer in Stockholm a while ago and just checked his Swish to find his whole client list of different celebrities haha!
Hahaha most stupid thing I've read today, it's not Russia we're talking about. Us Swedes trust the government and why in the world would the government have access to peoples bank accounts?!
Another way for Swedish authorities to control so that Swedish citizens behave. Swedish authorities have an enormous need for control. Everything must be reported right down to the toilet paper. We have many older people who do not understand the new technology, but the authorities ignore it as long as they get even more control over the Swedes. Many call Sweden a utopia, but it is rather a country built on control. 🤔😳😡
The funny thing is that as soon as first crisis sign’s appear, all people saying that cash is unnecessary will be the first ones running to withdraw there money.)
Cash is freedom! Please understand it! Use Cash as often as possible
I agree
ah ugh
With rapid inflation, your 100 dollar bill can be worth 10 cents. Cash has the same value as ones and zeroes
"the ignorant will always participate in their own demise"
I live in Sweden and was born here. I am ashamed of the lack of critical thinking that revolves around this topic. This is a total embarrassment for the world to laugh at us. Nobody should follow in our footsteps. Hopefully there will be enough resistance for this not to become a reality.
finally a swede that isnt brainwashed
Sorry it was to late for that because once you rebel you money will disappear
What problem do you have with this? I live in Denmark and I never use cash, I don´t need it.
You're naive. Your complaint is void
@@raimundematiusaityte9929hopefully now you have an example why NOT to go completely cashless.. here in the USA, we just had a hurricane go through Asheville, North Carolina. It wiped out everything - electricity included. The town is basically cut off from anything because of flooding and road damage.. without cash, those people cannot buy basic needs, food, gas etc.. there are no ATMS working to get cash either.. always, always, have cash saved up in your house or in a safe just in case. Hopefully you never need it but there may be a day and you won't be prepared.
I feel a cashless society looks like a soft society. People are less likely to be motivated to achieve. Australia wants to become a cashless society. I'm an Australian living in Indonesia and only use cash except for internet purchases. I like it like that.
I live in Sweden and I hate cash. Inconvenient as all heck. Cash is the one thing I find most burdensome when I go abroad, which happens a lot. Feels so archaic to have to fiddle with something that I never have to think about in my every day life. If I have my phone, my smartwatch or a card, I can always pay. And I always have one of those. Making my way to an ATM, making sure I have enough cash on me if I want to do something in particular a.s.o. It's the worst! I have better things to do with my time...
Indonesian government actually starting the push to cashless payment. It started with toll roads and public transport. Now all QR payment system are standardized using QRIS.
@@UltimateAlgorithm Great to hear 💙💛💙
@@UltimateAlgorithm what is qris?
@@jsvensson8234 I live in Denmark and I hate smartphones. I wanna move to the USA.
Exactly 5 decades back ABBA the Swedish band sang the song whose lines goes "Money Money Money ....very funny in the rich man's world" and their words turned out to be true.Who knows if they were metaphorically predicting a cashless society decades prior to the inventions of mobile banking and bit coins.
Cashless is banned in 5 US states... They looking at protecting cash in the UK too... Don't look like the cashless concept will be in a rush to take off anytime soon in those places...
This is so very weird for a geographic place right next to russia look at the sabotaging of nord stream 1 or 2 because of the conflict in Ukraine is only logical if I was russia that if nordic countries joing nato a major target will be their cashless digital networks
@@RM360CR Russian cyber attacks is hilariously incompetent, as the war in Ukraine has proven.
Swedish cybersecurity is world leading and if there was a conflict it would be Russia that would be shut down by Swedish cyber attacks.
how privacy is ensured? are all transactions traceable? what happens in power outages, loss of phones, loss of cards? are all citizens condemned to need a bank account or there are alternatives? how secure are those transactions? electronics = higher risk of failure, what happens then?
Oh believe me, every citizens has a bank account, how else do you expect to get your salary/other financial support??
It is really funny to think that there are countries like USA where there are people who don't have bank accounts. I just can't understand it. Everyone here has bank account. Always had. You can't live here if you don't have one. It is simple impossible. Transactions are super secure in Europe. Everything has worked perfectly for decades already.
@@RavenWolf654 Exactly! Like how does people receive their salary if they don't have a bank account? Is there someone at the company, who's job it is to count and hand out cash or write checks to people??
@@Fanniiiy What I have understood is that in some countries they just give cash envelopes weekly.
@@RavenWolf654 That is just so weird to me, I would be so scared of being robbed walking around with that much cash, plus how do you keep check on your finances...
Yea this give governments way too much power.
Does everyone want to know why going cashless is a terrible idea ? Because it highly increases the risk of cyber criminals
The risk of a cyber crime is way way lower than actual robbery. Compare how many times you heard of cash robbery in banks shops pedestrians etc with cyber frauds. Also by taking just some simple obvious precautions those get negligible
That's right
@@dimitriskaralis7346 Nope
@@dimitriskaralis7346 A technical issue left thousands of Swedbank customers believing that their bank accounts had been emptied
I prefer physical cash payment than digital,
I assume you're older. Because most people who use cash where I'm from basically either do something they don't wanna pay taxes over or are old and haven't been able to get used to using their debit card everywhere.
Same !!! I prefer physical cash and I'm young
@@onee I'm young, in my 20s. I'm a collector, so designs of notes and coins attracts me more than value and also few personal reasons as well ☺️
@@onee I'm 31 and I pay with cash. I hate smartphones.
This is the start of the Mark of the Beast!
Here i am in Sweden in the year 2023, the cash is still here, always make sure to get reliable scources🤑🤑🤑
A survey made showed that 75% of the people in the survey used Swish rather than cash during the last month. 9% of payments in stores is made with cash.
Now with the click of a mouse, someone can erase your entire life's work.
Haha and you become misarable.
Barry Sorento.....eggzzactly!
This! And nobody seems to realize this.
well, with a click of a mouse, you can restore it again.
Depends on your state really. I won't trust shitty corrupt states either.
Hassan it’s more that you have no control over your money anymore. You can’t take it off. So the bank can control you, instead of you having control
Don't give up your cash America.
Everyone will miss the day's when you find cash. In weird places too. I found $10 floating in the water at the beach the other day. 👍
not gonna lie, as someone who was born as a swede and grew up with cash and later with card, I really liked the concept of cashless society. That was, until I realized that once all the money is stuck at the bank and can't be stored elsewhere, the banks can do whatever they want with the money.
So you have no physical currency anymore? 😯
@@cataclysm9279 we still have, but in Sweden, most places don't accept cash, and if you try to withdraw too much cash from your bank account or try to deposit too much, you will be investigated as if you were a drug dealer or something.
@@johnc5747 They can only use the money you have stored at the bank, but they can't touch the cash you have elsewhere. When cashless, you're doomed.
getting rid of cash would not be a good thing
Rfid chip new world order slave state
Making way for Mark of the beast!
Chip in hand for head ANTI CHRIST SATAN'S PLANS OF EVIL!
NEW WORLD ORDER!
SAD TO SEE SWEDEN OFEND SOON THE ALMIGHTY GOD OF ISRAEL THE TRUE AND ONLY AMEIN. DO NOT TAKE MARK OF THE BEAST WHAT EVER YOU DO OR EALSE GET SICK LOOSE ETERNAL LIFE... SEE BOOK OF REVELATION BOOK 66 KJV BIBLE
@@yahshamayim
Did you ever think that the mark could be the gun nuts ( who can't tell the second commandment from the American second amendment) who demand cash be used? People were up in arms about antichrist being credit cards back in the 50s and everybody having bar codes on the heads ina few years. 😛
BTW, I am Christian.
I like how tax avoidance was the last thing mentioned under reasons why
these are the stupid reasons to manipulate the society
What happens if you lose your phone too many times or there's a power outage? Write a I.O.U. ? Hope your pen has enough ink...and there's enough paper???
Uhm, we still have debit and kredit cards??? And if there is a power outage in the store you can just swish the cashier and they'll pay later. That's how we solved it when I used to work in a grocery store a couple of years ago.
...carry a spare phone with a different number but same info as lost phone.
Only 3% of all money physically exist actually anyway. 97% of the money are just virtual numbers in computer systems. What real difference does it make? Been last week to sweden and i have not seen any swedish krones at all. I have also not seen anyone using it. I like it, as it is so easy to pay, especially as a foreigner. Just brilliant!
So it’s now way harder to do private transactions. Also if the power goes out how are they going to use chip readers?
Seems like a pretty bad system.
You pay by phone and just enter the other persons/companies phone number, add the amount, press send? It's actually become very easy to make private transactions as you will always have exact amounts without having to carry change or hope that your trade partner has change. (If you mean "secret" transactions, then yes it's more difficult.)
Also what is this "if the power goes out" you talk about?
It's not like any place would accept cash if the power was out anyways.
But in the 15 or so years we've been more or less cashless it's never once been a problem for me. Hmmm....
Just another way for Swedish authorities to have control over the population.
🙄☹🙄
@@Dimmez Yeah because there aren't people that don't have a phone, or electricity or don't want to have neither...
And I definitly don't want the government or the banks or anyone else know what kind of payments I sometime do.
You just give quite a lot of institutions all your payment information all the time...
Markets pay very good money for information you just give out for free.
@@Minecraftzocker135 If you don't have something as basic as phones or access to electricity, then you simply do not fit into first world countries like Sweden.
I'm pretty sure cash won't die out completely from the world just like there are still countries that still uses horses to pull carts. Third would countries with inferior technology would still rely on cash.
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You can say that again
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How do you guys stay anonymous with your transactions ‽
@Greenman you guys can use cryptocurrencies , you will be anonymous
The question is why do you want ur transaction to be anonymous? It’s not likely we are doing some shady business
@@khoinguyenphamtrong4637 OP wants to buy porn without his parents finding out about it. 🤣🤣🤣
@@khoinguyenphamtrong4637 Cashless is only leading to a dystopian nightmare a bit further down the track. There is a global agenda at play here, and the final stage is when governments will start programming digital currencies, controlling how and where the population uses the digital currency. Let's see how much you like it then.
it is to monitor all your transactions.
Kenya has been using MPesa for 20 years😂🙄🙄🙄🙄😂
😂😂😂😂😂
Nobody cares as America glorify the Africans
I know! The tech behind Swish that we love and pride ourselves so much on here in Sweden actually comes from Tanzania or somewhere there abouts. Many African countries are way ahead when it comes to mobile payments & have been for years.
True but is Kenya completely cashless?
*Cryptocurrency/forex trading is a big chance to make money nowadays, if you can't see that at this point is time you learn more about it.*
When you invest you're buying a day you don't have to work
Assets that can make you rich
Bitcoin
Stocks
Real estate
@@jasonsylvester7934 You're right, it's obvious a lot of people remain poor due to ignorance
It's better to take risk and make sacrifices than to remain poor
There's definitely a way to get rich and that is through forex trading investment
2:54 How lucky these kids are!
It’s really fun 🤩 we have free buss passes this summer (but only for Kalmar kommun)
Hows everyone likely that "free stimulus money" now? I figured it was just a way to purge out Social Security but now I see it was a way to purge cash. Makes me wonder if theres more to the schools being closed also.
Also helps big pharma make money dentist raking in billions with covid teeth dry mouth from bullshii mask
Hmmm just curious, it's almost May 2023, is Sweden a fully cashless country? Annd how do you deposit to banks?
I can’t think of a person i know who has used cash in the past 3 yesrs, and we don’t need to deposit any money, it’s always in our accounts
No, we’re not and we are not going to be that for many years
So this is what they have a currency in Sweden. So it has like an expense or loan and even an account.
As a tourist is very annoying. Tourists usually buy the local money to spend it during the trip. In Sweden I have to use the card from my country and being taxed for international shopping just to buying a simple bottle of water.... Plus instead of wasting paper to print money they waste tones of paper for EVERY RECEIPT. Ridiculous.
Does anyone get the feeling. So goes America; so goes the world. Is anyone taking this seriously in America?
America seems too conservative and they put a lot of weight on freedom. Cash gives you more freedom.
Americans don't use debit cards. With debit cards you can get cash without paying anything for it, with credit cards (what Americans use) you pay every time you get cash from an ATM. We have it better organized here in Europe. Much more secure. In the US you have like fifty companies in-between that try to do the things debit cards from the banks themselves already do. On top of that the banks in the US literally charge for everything. Here they don't. And if they do it's a very small amount annually or per month (like a couple of bucks to own an account).
@@onee most banks cover the ATM fees and credit card rewards more than make up for any fees, debit cards are one the the silliest financial decisions you can make. Also as an American I can tell you everything is pretty damn secure and I almost never need to use cash. In the end compelling people not to use cash is frankly immoral, I don’t need the government having that kind of leverage over us. Losing the freedom is hardly worth it.
Inform yourself about the dangers of CBDC's, before you praise the cashless society. The risk is very real.
The "Better than cash alliance" if funded massively by the Bill & Melinda Gates foundation. Maybe that triggers youre curiosity.
Why do you believe in nonsense conspiracy theories? There’s nothing wrong with this movement, it’s simply technological evolution.
Who in their right mind would think this is a good idea?
Why is it not a good idea? I live in Denmark and I never use cash. I don´t need it.
@@raimundematiusaityte9929 look at what happened to the Canadian truckers
@@raimundematiusaityte9929Are you stupid?
@@gorillamasterofgaming5525Are you? There are many countries where cash is dissapearing. It is not only in Sweden or Denmark. Even China is among these countries. Only less developed countries are sticking with cash.
@@raimundematiusaityte9929 I stick with cash. just because its the cool hip trend dosent mean you should do it. Do you see videos of people eating tide pods and decide to eat one yourself?
We live in a society now that depends on what type of mobile phone you have
Well everyone in Sweden has a smartphone, sooo...
The video shows numerous cards being swiped.... sorry, in Europe we don't swipe cards for like... 10 years.And: more than 50% of payments in Sweden are with phones (without any card at all).
There goes the Dope Game
Nah dog there's always a way
@@NHGJordanAbbott no way dude cashless society is the start of the new world order
I think it's legal there
Great! A drug dealer that was arrested some time ago in Stockholm had his whole client list in the Swish app on his phone since they had payed him that way hahaha busted!!
No cash means a booming economy can be gutted to 'be like everyone else', worse than US unnamed prez giving pallets of cash to a mideastern country.
Germany still prefers cash.
Swish is amazing
Ekrona how coincidental. Electronic Corona in 2020 🤔💭 sounds planned the viiiiirus that is
Corona name comes from the shape which is like a crown
Krona is the name of Swedish currency and a corona isn't always a virus
@@Ikajo I know that's why I said how coincidental 🤔
@@raerae1283 Frankly I have not seen or heard anything that suggest that Sweden intends to launch its own digital currency and I am Swedish. I fail to see the point since we already use electronic money by going cash free.
Corona also describe the edges of the sun, you know. Solar corona.
@@Ikajo I wish I could find the video that says it all
what do tourist do
@The secular humanist not every one has a cart here in Australia, the minority i will agree. Also a lot of people do there banking through small local banks. But thanks for the reply
There is a tech being developed called quantum computing. I dont understand the tech too much but this tech makes me scared of being a cashless society.
As a Swede I was surprised at how much people around Europe still used cash...it’s sooooo much easier to manage and save money when you have it all in your account and can see your amount every time you pay
Idiot läs på om rfid chip och new world order det handlar om kontroll
Ulfr Ulfhednar ok. andas.
@@BellaPJ lek inte spydig shiksa lär dig något sitt ner i båten och lyssna
Ulfr Ulfhednar ut och in, ut och in. Såååja
@@ulfrulfhednar4350 haha ok miffo
Banks need deposits since it's their liabilities. Their assets will become toxics as the interest rates go negative. Their balance sheet will inverse, deposits interest will become the banks earnings and their assets (morgage, treasuries, bonds, stocks) will become an expense. The financial system will go upside down and we will subsidize corporations, governments and banks debt.
Banks do not bother with cash or liabilities. They just make up debt from scratch and then pretend that it is actual money that is owed.
Over 99% of all 'money' is made up of fake debt likt that.
Didn't Sweden get hit with an IT error last April, cutting everyone off from their electronic money temporarily?
It sucks that cash is dying, im going to start using it just to keep it alive
Thngks for suporting
so what happens to the homeless?
@gregtubez
I look better in blue
Never seen a homeless person here in Sweden. Everyone has the right to social welfare.
@@gundalfthelost1624 why do you hate cash ? Cash is synonymous of Freedom.
In Sweden they give them card readers to receive donations. Look it up, it's so bizarre
Well, expect for the major cities Sthlm, Gothenburg and Malmö, where there are some, we don't really have homeless people in Sweden. In my hometown I've never seen a homeless person. And the few that are homeless in the big cities, many of them earn money by selling magazines for example and they have a card reader you can pay through.
Perfect for governme ts to keep people tracked everywhere they go, right?
A question! You own a cell phone right?
In india brianless Prime minister banned bank note to make india cashless.. 🤣🤣
UPI was introduced to promote digital transactions.
As a india i agree 🤣🤣🤣
Hackers this is free real estate
People saying this is bad because "the government will know everything you do" really underestimate the laws regarding financial secrecy in Europe.
that's not the only bad thing in a cashless society, another bad aspect of a cashless society is what happens if there is a major power outage or a cybersecurity hack? banks and other financial institutions have been hacked in the past and money was stolen (digitally). won't a cashless financial system be much more vulnerable to collapse ?
and they can also freeze your bank account making you lose everything like just what happened to canadian truck drivers
the people who own these banks want the complete control of the people money and the idiots are there to compromise thier privacy in the name of convinience
What happens if an emp granade explode
When I visited Norway, I could pay with my debit card everywhere like the other European country I'm from. Which was really nice, I didn't need to use any cash and my bank's currency rate is very good.
Was a nightmare travelling trying to change currency.
You better rather it be a nightmare than have to love through what they have planned for this world
Here is what i think... good luck, cuz now ALL of ur person info is open to those who ARE going to abuse it... No, thugs are a minor, I am talking about those who pledged to "protect" and "serve" u.....
The BIG Brother loves YOU......
by the whims of the people in power.
I just have on thing to say to the people in this comment section everything does not have to be a god damn conspiracy to take your freedom. I even live in Sweden and i love the system we have now it's convenient and i know it's a controversial thing to say these days but i trust our government and will most likely trust the next government aswell.
You be a good little boy Charley!
So there is no cash notes accepted in sweden?
ORWELL 1984
They are not embracing cards, they are obliged to do it
No we're not. We are using cards as well.
I don't know who needs to hear this but stop saving all your money. Venture into Investing some, if you really want financial freedom.
Invest globally in Bitcoin,gold,silver,forex market,commodities. Just don’t be left out and save yourself.
@@austindouglas6345 Beautifully said,I tell this to my folks everyday.its good to save money but most people don't understand how the market moves and tend to mislead in facts like this and always depend on money in the bank.
@Rita J. Hernandez Hey this is a computer age, peeps who aren't even trader's make money from the crypto and forex markets, how many millionaires do you know who have become wealthy by Investing in savings accounts?
@@austindouglas6345 Very helpful, I needed to hear this today.
If you think you're too busy to trade or learn how to trade, just know I have some friends who Invest in a platform where experts devote their time and help them trade and generate a good ROI
what about power outages
Use your bank card to magically the the power back on
Uhm, rarely happens in Sweden...
@@Fanniiiy we dont have them very often here in Vicotia. Australia but during the large bushfires large parts of my state lost power.
@@TheWareek Sure, but we don't have that climate in Sweden so the risk of big fires aren't that big. And even if there would be a power outage, cash wouldn't help much anyway. The stores need electricity for the cash registers to work.
@@Fanniiiy had always always wondered about all those large pine forest, was forest fires a big problem once they got started
How will this affect homeless people?
It doesnt. They have there own credit cards or phone. You're supported by the goverment to get back on track. Its a rough statement but being homeless in Scandinavia is kinda your own choice.
Wow they’re all slaves now
So what happens to there cash that they have on em
Probably will have a certain time to deposit it. If over a certain amount, you get reported to the IRS.
This vedieo is the biggest scam vedieo I'm ever seen
What is the need for banks then
Let the central bank operate it
The trillion dollar a year black markets? Drugs, prostitution ?
Card transfer? Never heard of?
Meanwhile in America Cash is King atleast what i have heard. Always use swish in sweden last time i used cash was 4 years ago.
I live in the US and I can use credit cards almost anywhere. You should have some cash just in case, but 99% of the time you don’t need cash.
I'm completely against a cashless society. You Swedes have way too much trust in the authorities. One day, you'll regret it.
Drug dealers are gona be sad
big drug dealers are the fuckers in power.
Madness
Its total Matrix in Sweden
Masage for andre abijan bagdad come frome Andry Abdjan indonesia =I hope the theft of bank money by irresponsible parties can be quickly resolved, money sent from abroad is a trust, don't take it, make it a shame to make state money insulting this country like you can't find money, just steal money from customers, for example, in Kalimantan, Bali and I've also experienced it makes people concerned Hendrik, you misread, maybe I need information about the actual business on the Jakarta Stock Exchange yesterday, 2019 that I borrowed money from in a Swiss bank.
Even seasonal icecream-vendors in Stockholm have to offer digital payment, or else they loose business. There simply not enough customers around with cash on them. This reality comes to the rest of the world, including US, soon enough.
And that's bad. The government will have total control.
I'm not going to Sweden then!
If anybody has different views and he rebel against the Government he might be lose his money and it may be happen in the future.
Time Management Brad
Time Management Brad
Sweden is good on her cashless society.
What about casinos?
mobile app scans digital money from your account at table or machine. credits get loaded on to machine or converted to chips at table. if you leave the table or machine with money, it gets transferred back to your account
@@eatpigsnot Yeah but I don’t want to deal with the government
@@JamesWilson-sb9iq Something to hide? ;)
@@Stetch42 Never
The more backward, the more likely are they going to use cash. That’s why poor tourists still get pickpocketed in those countries. Cashless all the way please.
ok 100%. I thinks is 2 years ago i have cash on me last time!. Everything works 100% and is so esy and fast!. Even to pay to a friend/shop etc.. some money is ok via mobil tel, in a second!. Huge from Thomas in Sweden
What about drug dealers?
Etransfers?for drugs
Contactless Chip.... hmmm this was 9 months ago, and they already were using the term that we hear as the new normal now...
(Contactless this and that... talk about preplanned)
Never let a good crisis go to waste...
Sounds like to me if people want life back to normal we will be paying a bigger price then some of us even realize .....
As a Swede I find our system so convenient! I haven't used cash in years and I've had a couple of coins in my wallet since I bought it like two years ago haha. Even my grandparents never use cash, only cards and Swish. I think it's great that the government can track monetary transactions so that it makes it harder for people to not pay tax and harder to deal drugs etc. They arrested a drug dealer in Stockholm a while ago and just checked his Swish to find his whole client list of different celebrities haha!
bootlicker
@@sleeexs And whose boot would that be exactly?
So there is no cash accepted at all in sweden?
@@ez450 Most stores still accept cash but very few people use it.
@@Fanniiiy how about the atm machine is it still widely use?
I think it's bad. 3rd
Hope it/they all get hacked and it backfires on them......
@@blank.9301 Why would you hope that? Stupid thing to say.
corporate slavery
TRACED TRACKED & CONTROL
NO THANK YOU
Crazy if someone wants this wt All the Fraud that's out there.. Don't buy in 2 this.. More control
Oh easy to pay.
say something bad about the government? whup there goes your life savings
Funny, I've been talking shit about our Swedish government for 10+ years and I still have my savings left.
Hahaha most stupid thing I've read today, it's not Russia we're talking about. Us Swedes trust the government and why in the world would the government have access to peoples bank accounts?!
@@Fanniiiy bankers run your country. bankers REALLY run all countries.
@@WhiteGhost21 Uhm no they don't. And who exactly are these "bankers"? The old lady that's been working at my local bank office since I was a kid??
@@Fanniiiy Rothschild, Rockefeller and co. Youre a fluoridated zombie so don't know much, it is clear.
It's an ad.
The W.E.F in action and your government, no thanks cash is king
Not even the w.e.f agrees going cashless is a utopia.
CERT
Another way for Swedish authorities to control so that Swedish citizens behave.
Swedish authorities have an enormous need for control.
Everything must be reported right down to the toilet paper.
We have many older people who do not understand the new technology, but the authorities ignore it as long as they get even more control over the Swedes.
Many call Sweden a utopia, but it is rather a country built on control.
🤔😳😡
Want more tinfoil for your hat?
Gissar på att du bor mitt ute i skogen och inte pratat med nån riktig människa på åratal
@@Ikajo The tinfoil hat is for those who think the government will always have your wellbeing in mind.
Horrible future...
First in uninformed westerners' world. This title is so laughable
xi
what about privacy? it is like comunisme