How cash is becoming a thing of the past | DW Documentary (Banking documentary)
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- Опубликовано: 20 ноя 2018
- Cashless payments are on the rise. They are fast, easy and convenient. Worldwide, cashless transactions have become the norm.
But Germany’s central bank and government are still clinging on to cash. Can they stop the move towards a cashless society? Our documentary shows who is behind the worldwide anti-cash lobby. Banks want to get rid of coins and bills for cost reasons, and politicians think less cash will cut the rug out from under criminals and terrorists. Central bankers want to abolish cash because it would make it easier for them to enforce negative interest rates. And digital payment companies like Paypal or Visa simply want to profit from money transactions and collect as much financial data about consumers as they can. Their aim is to gain complete control over our buying behavior. For example, the "Better than Cash Alliance" in New York is supported by financial corporations such as Visa or Mastercard. They say the more people that are integrated into the international financial system, the more growth and jobs it will promote. But as our financial behavior becomes more and more transparent, states are also using payment data to find out more about us. The ordinary citizen’s view of cash as a store of value, independent of third party interests, is being increasingly ignored. But for them, cash is and will remain a symbol of freedom.
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Imagine if people were smart enough to see when they are being used
The best way of controlling people is to control their money
and the food supply.
Yes they want to control all people.
@@lydiawilcocks2667 Yes too bad most couldn't see it. Change is coming!
Honestly i wouldnt even give a damn
You are so right
We experienced a big problem here in Puerto Rico after Hurricane Maria. The island went into a blackout so no one could get their hands on cash and couldn't use their cards because the internet and cell phones also went offline. This is one thing that people don't take into consideration. A bank is not going to give you money if they can't access your account to see if you actually have that amount in your account and a store is not going to sell you something without cash if their card service is offline.
Exactly, Rafael. One of the things I just remembered there.
Correct. Not One idea is for All
its intentional, there will be more "blackouts"
My 'Suitcase-Under-The-Bed-Bank' NEVER fails me!
Of course, here in Peru have a problem with thief and they steal cellphone to transfer the money, also a huge of geological hazard and poor internet system in many places. Moreover, many people does not know how to use or control the virtual money. I think for latin america is a quite different context.
They created supermarkets not just for ease of shopping, but they also track your movements in the store to compile your buying habits. It's not just about ease of payment. It's a system of control.
Chicken and egg problem.
You’re describing the way it is now, but that’s now how supermarkets started! They just sort of realized this with time, and ran with it. Kind of like how now Google is more like a borderline girlfriend going through your phone, more than they are master programmers like they used to be. It’s sad
I honestly couldnt care less if i buy a couple packs of condoms are they gonna advertise more to me or what
Yes, it's called "data mining". My friend works in I.T doing something related to it.
They can track my shopping habits all they want I could care less
Supply and demand. Nothing new.
No one ever mentions the issue of TYRANNY. A cashless society is a society in which the government and the banks have absolute power over the individual. If your behavior is not approved, your money can just disappear.
I am here in South Africa. They are forcing the country into cashless system and now I am abused by the system. I can’t even speak to a simple lawyer because they block my calls. Your explanation here is what is happening to me
"Give a man a gun and he can rob a Bank. Give a man a Bank and he can rob the world." Tyrell Wellick
darmok1134 only banking, I would argue, is he most heavily regulated industry in the world - so you would have to blame the government(s) for the robbery.
Brilliant quote. I'm glad I'm not the only one who knows of this.
@@guitargeorge1874 Thanks, I like using Quotes from famous people.
"Your audience won't notice how much you spent on your guitar, however, they will notice if you haven't practiced." Joe Schmoe
"Life can only be understood backwards, but it can only be lived forward" - Søren Kierkegaard
“I don’t own any stocks or bonds. All my money is tied up in debt.” George Carlin
“People are usually afraid of change because they fear the unknown. But the single greatest constant of history is that everything changes.” ? Yuval Noah Harari, Homo Deus
"We live in our imaginations desiring to fulfill our phantasies" me
Darmok- Well said!
"Give me all the money in the world, and I care not a wit what politicians are in charge...."--Lord Jakob de Rothschild (paraphrased)
Here in Portugal, you can not live without cash at all. Because many shops and restaurants, etc, do not accept payment by card, only cash.
Happy to learn that Portugal hasn't gone insane like the rest of the Western countries. Stay that way my friend!
portugal is 3rd world, why u sharing that with us ?
What do you expect from a 3rd world country?
@@charlesc9373
Ok my first world friend I hope you will not get mad with your digital payment system!
I mean it sounds like you've got no chose but to do it.
I believe in freedom of choice and not in some kind of operations that you've to what you don't like.
Good, at least portuguese still uses the mind. Cause we know that Portuguese person is not the better example of smart.
This is madness and insane !!! The scary part is many will love it until they will feel the downside !!!!
+Marc Marse The real downside is that the antichrist will be the dictator of the one-world government and economy, just as Revelation 13 explains. Turn to Jesus Christ, have your sins forgiven by the sinless One, and escape living in this coming manmade hell on earth!
I still pay for cash because it controls my spending.
Cash can be a life saver for when an emergency situation arise.
Would you provide an example?
Cash gets stolen just as often, also if you happen to lose your cash, often times, that means its basically gone, which is not the case with electronic money, so if you're in an emergency situation and you've lost your card, you could still access your money. That would be more handy in an emergency situation. But that's my personal opinion each to their own.
@@missyzz9185 It is always good to have cash as a backup for when you go somewhere and their credit card machine is not working!
missy zz dude they wanna get rid of cash so they can control people more MORE CONTROL FOR THE BANKS NOW THAT WAY THEY CONROL YOU AND YOUR $$$$$
@@missyzz9185 aa
This is not about convenience! That is how they sell it. This is about control.
Yes, exactly, only very stupid people cannot see this
Norma Summers unfortunately ppl will beg for it unknowingly that they are begging for their own downfall
I didn't believe that until recently. That way they can track your every movement and with cash you can't. It's a little alarming that a lot of businesses say they do not have change recently with covid-19.
Why haven't they gone to the bank and gotten cash/change? I did it as a manager. If anyone knows I'd appreciate letting me know. I've been paying with change just to help local business have change.
It's a part of New World Order
yup
I find it furious that some areas of Europe have no problem being penalized for using cash. Here in the US, it is the exact opposite: you are encouraged, especially with small businesses, to use cash to avoid fees that banks charge on cards, and to protect yourself against fraud.
Those small businesses don't pay taxes
Same in Mexico, is comun to see the signs "only cash"
@@zuzanazuscinova5209 When they see what their government is doing with their taxes, you cant blame them
Running a small business here in the US cash deposits are free. There are fees to process credit cards which drains profits. So physical cash is MUCH better and easier.
I went to the grocery store they was only accepting (cash).. card system broke down.. cashless society is a joke.... System goes down people go hungry.. I'm in the United States
@FlyingMonkies325 normal? For whom??? I eat my organic food 10 times the value of this crap you call normal. No soil no value. Remember that.
That's the point. Control the sheep even more. I know people who when their bank had "technical" issues had no access to their funds and didn't have even $5 on hand to buy food. Makes no sense.
@FlyingMonkies325 Hunger Games food for the sheep
@FlyingMonkies325 ever go through a natural disaster where almost no internet or cell signal is available?
@@27m.k get out of here you bot.
The criminalization of cash will prove to be the most outstanding tool of oppression we have ever known.
Well said. The people lack vision, as a result they do not see the serious dangers that can and possibly will come with a cash-less system
I think mafia criminals completely agree with you
lol get a grip
Complete agree
@@AccentYouLovingheart oooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo to do with that in a relationship
NO to cashless society , lets step and fight for consumer rights.
Same!!! As long as there is cash I will use cash!
Cashless?
Not in Japan, baby boo.
Financial independence. Every deposit you do, is essentially debt you give to the bank. Your account balance shows you the amount of money the bank owes you. Cashless society means you can't control your own money. 100% of it is just debt you gave to the bank, that can use it however it sees fit.
Very bad idea.
Nope. Let's stop tax cheaters and counterfitters. Making cash costs governments a fortune. It's coming anyway ... sooner than some might think.
Cash is a great way not to leave much paper trail and holding something physical is comforting in a way that you actually have/own it
The problem is, we the people are not MAKING ENOUGH NOISE PROTESTING AGAINST IT!!
Global City Portals, Ltd. Helge Normann Yes! Because we choose to trust in laege companies and institutions, which are generally run by criminals, even though they put forward a pleasing face.
Make sure you keep using cash, and avoid card payments.
Exactly true
People are so bleeping dumb today they have no idea why they would protest or even care. SMH
It doesn't matter if you protest this is bible prophecy
People have no clue...when cash is gone, so is your control...your privacy...complete one world order! you are bagged...
Then the assaults will not be on the banks but on the servers.
Think about it. Someone who lives in a cashless country wants to migrate to another country and gets banned in the airport security because of the sudden lack of funds on their credit cards or other mobile crack.
@@teodortheentertainer6082 they are doing this to set up the mark of the beast (hand microchip) don't get it. Anyone who gets it will be damned forever (it says in the Bible). It says the mark of the beast will be used for buying and selling in the right hand. I wouldn't mess with the Bible that warns not to get this. Trust Jesus. This is a serious warning for anyone to hear. Even if you do not believe in God, we can all agree that what they are doing isn't right and its a prison sentence. There is a dark reason they are setting up the world for this. Please cry out to Jesus. There is no going back once you take the mark of the beast. The reason its the mark of the beast is because people are trusting the world, and satan without even realizing it, instead of God.
Do not get the microchip coming out. It is death, do not even go near them. God is warning His people. Seek Jesus.
@G Espania Sheeple are unbelievably gullible and lazy. Anyone who does their home work can see through this. Fractional Reserve banking in and of itself is a corrupt system and we tolerate it. But that wasn't enough for TPTB so they stopped backing currency with gold (what does that tell you?). Now they are preparing the younger generation for the next step. It's not an accident that you're asked "Do you have a chip?" when using a card (so you'll say to yourself "I have a chip" over and over until you think nothing of it). They are simply waiting for the older generation (most of the resistance) to die off before implementing it (making it less trouble to do so).
Well, guess what. Chip implants are next. The real reason: In case someone "bad mouths" TPTB their chip will simply be turned off (you will have a "social credit" score - points removed for jay walking or whatever - where your rights are infringed as a means to make you comply, China is already doing this). Once your chip is deactivated you won't be able to purchase a stick of gum.
bitcoin will protect us from that
It is one of the best channels for broadcasting documentaries. Thank you DW.
The whole world should unite on this issue: don't do away with cash! If all money are "online", they control your money. I always withdraw a substantial amount of cash and keep them in a safe.
The "cashless" society thing is not a good thing, it is a control thing. Citizens should not be forced into this.
Couldn't agree more; and don't understand why ANYBODY puts up with it. (except for the Stupid Gene of course.) I"ve always stayed outside of the 'system' for such reasons (and paid the price for doing so when necessary. Fortunately I have more resources this time round, but it IS becoming more difficult every day. MY ace-in-the-hole is my age. Just as they come come storming up my driveway waving blazing torches and pitchforks I'll look them in the eye,laugh my head off, and have my heart-attack on the doorstep! All the best.
ps Incidentally, people are NOT "forced into this". They are LED into it; just like the Judas-sheep, or Judas goat (aka 'Bellwether') leads the flock into the slaughter-yard.
@@dabbbles I LOVE the way you think. Sending LOVE friend
@@cliffkonkle3467 Thanks mate. I'm t the age when I try to pass on the stuff I've learned over the years, and have nothing to lose by disregarding 'normalcy'. Take care.
Ok 👌 what is the solution
Terms and conditions do not matter because the corporations have the right to change them even without your knowledge.
If you even read the terms and conditions and don’t like them, what can you do when everyone else accepts those terms and conditions without reading them?
You are right ,but actually they have the power to change the T&C's without your permission.
We need cash because not everyone wants your data to be exposed for convenience.
Freedom to choose cash and card should always be available
No cash means the gvt will be able to tax every transaction, including when you sell a used item to another person. And the homeless will be put aside the system
There is swish in Sweden for the homeless. As long as they have a phone number they can be paid
@@loveisthething I was wondering about that here in 🇺🇸. How the homeless will fare...
@@solentricxinc.9944 With crypto and venmo type apps? Its just normal progression soon we'll have rfid chips just implanted in hand to make this easier
But transactions will be transparent, and corruption would come down.
Though what happens to national/international currencies.. I don't understand how it might work
@@crypton_8l87 It is indeed going to help in some way, but remember that hacking digital transfers or simply conducting illegal money transfers it is going to be much easier than trying to pass the borders with a hand bag full of paper bills. Once a system will be hacked, the stolen money will not be counted in hand bags, but in the number of digits.
Cash prevents you from spending yourself into debt.
That's the point
@@thetarotdetective3363 Only one of them. Cashless is easier to track for taxes; targeted advertisement; tracking; spending habits; etc.
@Master Of puppets exactly
@Master Of puppets Actually, the government wants you in debt. It makes you a slave to the economy.
so true
This has scared the hell out of my naive soul, but thank you, Deutsche Welle. Your documentaries are still the best!
I'm mostly using card, but cash should remain an OPTION. Cash is freedom.
When they take away the cash - it's the end of us and the little freedom we have left!!! Don't let them!!!
Hackers and banks take your money if were don't got cash money
Hackers and banks will take your money if we don't got cash money
If they take cash money way from us I will stop using my credit cards I will only use my debt card and when I don't got the money on my debt card then I will not get any more
Aldi's you need a quarter
And how do you suppose we stop them? 🤔😂 ... you and anyone else can not stop the inevitable
Yes, cash can come in very handy in emergency situations especially when you are traveling through small communities. The new world is very frightening. I don’t like it.
Soon we will not have a mind no more we will become the walking dead
JUST REFUSE TO CO-OPERATE. Deal in cash or take your money elsewhere, and tell them (and everyone else in the store) so. LOUDLY. It's YOUR money, and THEY want it. YOU CALL THE SHOTS!.
I totally agree
@@royburnett2391 With what?
@@dabbbles EXACTLY what you said !!!!
Some businesses want cash to avoid CC fees, not just theft.
In a digital only society..... It would be sooooo easy for people to be blocked from access to their money. I would never trust a society where I can be so easily cut off from my assets.
And the banks will simply get richer by charging us processing fees ...
Not really. When you make a payment with the likes of Master Card and Visa, Amex etc, Processing fees are always being charged to the business you shop at. Not yourself. In fact, a lot of providers offer perks to hold accounts with them. Air miles, discounts and so on.
What about small businesses isn’t that include us ordinary folks like me who own small shops pay these fees which in case of cash we don’t pay anything to anyone except taxes
True!! The small stores around me always charge btw .75c to a $1 everytime you buy either more or less than $10. The reason is banks charge them for using the machine!!
@@iliyabozhkov220 As a business owner, we pass those costs on to the customer. So it results in higher prices overall and the banks do get richer.
@@TheWesternArmenia You are not in the plans. small businesses are not going to be a thing where we going.
What if the power goes out your screwed 🤔
Exactly!
At least with a landline you can still make phonecalls.
That's part of the NWO to control us and people think its cool
@@rtdmna they did away with those to now it's wifi
I went to grocery store and they was accepting cash only.. their system malfunctioned could not accept cards that day.... Cashless society is a joke... System goes down people can't eat... I'm in United States..
Even in Canada there are some stores that are declining cash, even though it's still a legal tender. With everything going on, I'm noticing there is pull to forcibly sever accessibility of essential services and needs away from the homeless and low income earners, such as pensioners on fixed incomes, as well as remote communities.
That is so interesting that they decline cash. I hope that never happens in South Africa where I live. Here we do use ATM machines and pay by card in supermarkets, but many use cash. We can also withdraw our cash from our own banks at the cashier where we pay for our groceries. It goes into the same card machine and is just a withdrawal...many people here withdraw cash at the supermarket instead of having to go to the ATM or bank. We can even pay for our water & rates or telephone bill at the cashier in the supermarket. I pay for parking in shopping centres, with cash into a machine, or by card. I doubt if we would become a cashless society here as people would probably protest, especially the low income earners, as you say.
It's starting here in the US with stores refusing coins.
It'll get worse and worse until people resist with whatever methods it takes. Shops won't serve you? A petrol-bomb at 3 am will perhaps change their mind. OR set up your own shop and deal ONLY in cash. RESIST NOW or drop your pants and bend over.
@ vivellaz I am South African yes places like traffic department refuse cash here in South Africa and it is almost five years. Banks are closing beaches too here in South Africa. Where I stay we have few branches. You can’t pay any insurance company premium with cash in their branches. You banks charges more if you deposit money for your bond or vehicle finance
What happens when a bank shut down or the system happens to fail? 😬
Watching this video gives me chills, and most people are comfortable with it! They don't even realize that soon there will be no freedom because of their actions! I'm sorry it's just scary...
@ sickening but the Bible already prophesied this like 2k years ago. Read book of Revelation. Jesus Christ is coming back for His children then He's the judgement is coming for everyone who has rejected Him as Lord and Savior. Don't take the mark of the breast in your hand or head. PLEASE!!!❣️
Me too nina
Its bias
@@Christreturns4sure It just gave me a good laugh. Thank you 😂
It's really true!
The key word here is monitored. The sole reason behind the push for a cashless society.. The guy just said it
Control over your money.
If something can be monitored, it can be interrupted and manipulated. Secure your sense of independence - support cash matters.
Very true, but if it's all digital, the real key is that the banks don't need to hold any assets to back the digitial numbers with.
@@E3KGaming they're already basically there, thanks only have like 1% assets to back up their loans and even deposits.
+gcv980 And God said it in Revelation 13, 2,000 years ago. Before it's forever too late, turn by faith to Jesus Christ as your Savior, admit you're a sinner and cannot save yourself, and trust Him who paid for your sins on the cross. That's what God's plan of redemption is all about. Escape the antichrist's vendetta on mankind!
I totally agree with Kenneth Rogoff , he’s a 100% right . High amounts of cash does cause money laundering. But then again to use only the internet ( it won’t take scammers,2 seconds to find a way to steal your account money
it is simple to deduct just $20 from an account without the account holder knowing it.
But times it by 50,000,000 accounts that are hacked and deducted in just seconds.
This is already happening.
Watching after Covid19 changed the world. Thank you for this kind of very timely documentary.
You mean the 99.95% survival rate disease that allowed for global authoritarianism?
Yeah sure it was such a game changer, leaders had no choice but to steer us down this path, they are trustworthy! Omw to the 4th boost and counting
Excellent documentary. I believe having both payment methods in society will work best
Cash should ALWAYS be an option. Digitization of currency requires a technological infrastructure that cash does not
We the People’s against this boocrap and will backfire destroyed these psychopaths criminals clowns and shove their digital currency’s up where the sun doesn’t shine We the People’s do not benefit only these criminals bankers clowns and there already been War with the populations and will meet their own demised and losing power over the masses Amen 🙏🗽
There is no option..u received the mark..the number..or satans name..u can buy or sell..but..but..your name is erase in the Book of life..how u can deal with that if ur A Believer I Christ..How???
the beginning of new world order one world government ,people shouild read the bible
The Mark has been here a long time..US of A instituted that..u cannot do bisness without US of A. Or else?..
Yeah. You could STILL use tom-toms to communicate. THEY don't require the infrastructure of the internet.
I love the beautiful, peaceful, nice, and respectful vibes of documentaries! 🐁
I remember my mom lost half of her savings with American Savings and she had no control of her money. Its amazing how a lot of these folks don't think about emergencies when you can't use your phone or atm. I bvn would hate to see a world disaster.
Every single one of those cashless transactions comes with an extra transaction fee. No wonder they want you to go cashless.
We have to say goodbye the banks
And we the people start to put them on fire.
True enough. Shipping fee is way more expensive than the actual good
@Open Mind Closed Fist my friend ,this never going to happen to me I take death instaed of life I figth like a lion to the end I have informed my family about if somebody just comes uninvited in my property I'm prepared I choose how to die not them my life belongs to me only the only one in charge who cares to lived in this rattan world no thanks Very courageous women no fear they whant my life I'll take someone down with me not afraid to day we all one day going to go there
You're forced to spend money by these transactions and loose in the end. We don't have a choice. This is horrible 😭 our rights are slowly being taken away wow this is so sad. How can they do this to us?
@@philliswilliams8486 how? greed
no one cries at bankers' or landlords' graves 😆😆😆
I don't like a world where you can only pay with digital means. You loose your privacy. Cash protects your privacy.
I go into cashless business's fill up the trolley then give em an earful as they return everything. Very progressive business model.
@@nickhambly8610 hahaha i done that. I went past it for a 3 months before i went in when i was bored. Then told them they are crazy and its against the law to not accept cash with the queen face on it. Anyone got my free orange juice and walked out 😂😂
cash are just piece of paper... 1 day it will lost its value.. Bitcoin is next generation digital currency..
Get your friends to pay for you and reimburse them so you're not tracked
one word bitcoin
Once I went to Oslo for a business trip and was shocked at how unusual it is for Norwegians to see cash payment lol. I just don't like having one bank to control over my clearing fees, convenience fees, bank charges, exchange rate, and if I fail to pay it on time i get penalty. Thank God in my country not having a credit card or an online payment is still the norm..
We still pay with cash
I live in USA, in the Midwest. Many stores and restaurants are charging you 3% surcharge for use off a credit or debit card. I am sticking with cash for now.
The biggest issue with extinguising physical money for me is that you no longer has control of your wealth, it is all in the hands of banks. And as pointed out in the Doc, if those banks break you lose everything. Or in a distopical future they could you their control of the money to control people.
How much of your wealth is under your mattress? Mine is all already in banks. Cash is a very small amount of my liquid assets. They already have all the control ha ha
jhonathan rocha
Banks already control your wealth through debt (property) and savings.
And not to mention negative interest rates once cashless as well as inflation.
Also much more difficult to pay the local police their baksheesh.
Won't be long now until western banks start ending up like China, Henan banks where they outright refused to give citizens back their money.
Cashless = slavery.
Cash = loss of money (theft, transaction fees, etc)
@@user-nf9xc7ww7m Cash = negative interest rates (pay for the balance in your checking and savings account)
Cashless = more trees 🌲
@@ajayp3835
Technically, more plastic as much of the world uses polymer bills, with the big exception of Murika.
It's fight!
Dude my whole perspective got changed this video is what we need to see
Many years ago when ATMachines come out, my father went to his bank using his bankbook like he has for many years, the teller at the bank asked him if he would like her to show him how to use the ATM, to which he replied as long as I use my bankbook you still have a job, the teller said I guess your right.
Funny how Covid is making more people not use Cash anymore, just a coincidence?
the question is, wtf do you think you have said.??? there is Zero connection between your anecdote and rhetorical question.!
This is why I don't use self service tills.
@@daviddavids2884 people prefer to deal with cash where THEY CAN MONITOR THEIR OWN BANKING, NOT LEAVE IT TO A MACHINE TO JAM THE CARD or be forced to pull out more monies than they want or ought to remove. This happened to me last week. I couldn’t get small bills out if the ATM. They were out of money. COVID FORCED US TO DO ONLINE BANKING LIKE IT OR NOT. And banks, like this gentleman indicated, are pushing, if not forcing us to use ATMs for banking purposes. The smartest thing they ever did was put a smaller version of the big banks in large grocery stores where you could do real banking 6 days out of the week. Sunday close. Do you ever think of anybody but yourself? There are people who work 6 days a week, week in, and week out. Big banks have said ‘Screw you” to the average American who works a 40 hr week though with irregular hours, or no regular schedule. Try extrapolation if you need another shot at explanation of the gentleman’s comment. YOU WERE RUDE.
Using digital is exactly what the banks want! Imagine you are going on holiday, so you can go to as many banks or institutions as you want to get the best exchange rate for your cash. Using digital puts you at the mercy of the bank. How many times have you heard stories of people coming home from a holiday to see that their purchases while on holiday have the most outrageous exchange rates attached to those purchases? This suits the banks as there is now NO competition! This also allows the banks to monitor everything you buy, where you buy it from, and destroys your privacy. The interest on card purchases is absolute daylight robbery. Banks should be classified and criminal enterprises.
They want to control the people
Dude if i wanted privacy i could just live a normal life up in the woods thats true privacy
Bank want digital transaction, but they suprise with cryptocurrency that bypassing their system.
Well JUST SAY NO! You can't 'save the world' from itself; but YOU and yours can simply refuse to co-operate. With ANYTHING that's 'how things are done.' Find your own way: 4,000,000,000 years worth of ancestors did that, gave you the power to do so, and expect that you DON'T let them down.
Give a man a gun he will rob a bank. Give a man a bank and he will rob the world.
They never think about the homeless who don’t have phones!
Everyone will have to have a phone by law or they will be arrested.
True.. i agree with you 😔
The homeless don’t have any money either.
Why do I need to prioritize my life choices for losers?
It’s a pay to play world. You’re either playing or your out. Period
Even they have phones.
Imagine being dependent on a bank just to buy an ice cream. Can't be a good motive
I love cash, it makes me hesitant to spend even 100 bucks, while i don't feel a thing spending 1000 bucks on my card.
Holding and looking at cash makes me feel happy, the smell of cash is perfume.
When I was a child people were paid cash in a brown envelope at the end of the week by their boss and they would just spend it directly in the shops on the weekend without a bank inbetween the worker and retailer taking a cut.
I have worked full time since 1980. The only time I have ever been paid in cash was when I was too young to work, and had jobs 'under the table'. Every bona fide job paid me with checks, or direct deposit. 😎
@@TitoTimTravels way to miss the point
When people are paid in cash they have no incentive to save it, they can just go out and blow it all.
@@kiwitrainguy It's quite the opposite. When you see the cash leaving your wallet it seems real and you become more careful with your spending. Credit cards encourage people to spend more.
If the power goes out for days, physical cash is number one most valuable. So if your area go a natural disaster, good luck if you rely on digital cash.
another reason to learn how to survive and not just sit in office.
That's when cash becomes very important. But often when the power goes out, the stores close their doors. Because they can't operate cash registers to ring things up manually or with bar codes.
But emergency situation, cash is king. Really I use cash only for emergency: some place doesn't offer checks or card or I don't want to open a tab at a hotel or bar or club.
I do like the choice with cash. But I really like the logging of a transaction with cards. And the safety of not losing or getting robbed money... someone stills my card number, I cancel the card, and any transactions made are removed from my credit card bill or debit card if ran as credit.
Get off the internet and head to mountains and don't ever come down if you feel this way
Yes, what would you do if you had no phone service or if a natural disaster takes out key nodes of the electronic infrastructure?
Exactly!
2 points.....First, banks like post offices are places of social interaction. Second , if your money is the water coming out of the tap , but you do not control the tap.....Guess what , it could be turned off at any time , and you could be denied access to your money. Remember the Golden Rule......those that have the gold , rule.
Nicely put!
In many banks they charge you "administrative/service fees" even for debit cards and accounts, which is ridiculous. Its our money in their "virtual" account and you have to pay, for what? This is a robbery. And in Sweden the govt want to watch everything you do because its a welfare state where big brother provides, but also expects tax back. I do not want to live in a world where I have to pay to use my own hard earned money. The other aspect is lack of freedom, they can track everything you buy, what you like, the money you spend and create a data profile on you. Which I never agreed on. I miss the days of cash... I hope it doesn't end
resuming : "In the day That Banks control the money supply , human freedom will extinguish. " Andrew Jackson -1837
I think this was the plan all along.🤔
I still want to hold cash and put it "under my mattress"...
LOL your old school for real under the mattress or in back of the TV all I can do is smile when I saw that under the mattress thank you for the smile
Lol I hear you
You would be better to convert to gold! Then put under the mattress. X
I love cash and cards so I don't want cash to dissappear. It's so fun and Euros look so gorgeous. I love analysing other currencies when travelling too.
I’m in Canada and we had one of our major internet companies go down for a whole day, people didn’t know what to do at the supermarket when they said “cash only” people just walked out. Most businesses still take cash and credit here. We are a very slow to change society
it was interac's fault for not connecting their debit Machines to multiple networks- Interac should've had it setup so they could switch to a different network if needed too. but as far as I'm aware they said they were going to change this so they can connect multiple networks in case this happens again
In my opinion we still need cash.
I like the option.
Yeah, because our kids in the future need to know the actual meaning of physical money
@Twinzocker 1.0 how? If they don't have physical money how will they know what it means. I think that the future generations will think a phone will be money, which is ridiculous
@@mmmarcosworld No not a phone!! Chips implanted in our bodies/hands!!!
@@laurakelso9652 Is that possible?!
Once it's gone its too late to recognise the gravity of what you have given up...
It's important to note that some countries generate an enormous amount of money through "Seigniorage" (the profit that a government makes by producing physical money when their currency is highly desirable). For countries where seigniorage is significant, it's very unlikely that they'll ever do away with cash.
The US government for example makes billions of dollars a year by making and distributing physical money. It's pretty hard to argue that they will ever want to give that up.
The worst thing about these point of sale electronic sales terminals that you can’t pay cash with, is the INCESSANT BEGGING FOR TIPS
DW documentary is the treasure. Keep providing us with these kinds of documentaries. Thanks
Hi @Pawan Bhatta, thanks for watching and for your kind words. :-) We will do!
and very imformative as well...
Credit and debit cards have been proven to be easier to overspend funds with than hard cash exchanging hands.
This is known as "the pain of paying" and it has been discussed in psychology journals. People are more likely to spend LESS using cash because they can SEE where their money is going. Naturally, the powers that be who benefit from a "cashless" society want the setup where you spend, spend, spend, capitalism will never love you back, don't outlive your money. Caveat emptor!
WOW! And you're not even a blonde! :)
@@kitcoffey7194 Exactly!
No cash,
federal identification that could be even global.
Chips for your brain
Internet of things all over your home.
CPUs that are like microservers inside your computer running even when your machine is off
And then you wonder why so many conspiracy theories.
@@JanineRupp697 I heard most banks and businesses in western Europe in places like Germany,France, Sweden and Switzerland have gone cashless.
I learn something new by watching dw documentaries .
Cash should not be eliminated. Without cash , ppl will not be mindful of their expenses and they will lose their ability to count. 😥
That is exactly what bankers are counting on.
We are so screwed.
Cashless is only a front . The government can watch your entire life and control you.
Time to end government, it's to invasive. I don't need to work to pay someone to be invasive on my life and cause me harm.
They already do, but yes its gunna be even worse,
Do you realize they already can do anything on your phone that you can do,,,,see and listen to EVERYTHING!!
laura kelso wow that’s crazy
@@paradise6606 Anarchism doesn't work to control sheep(entire population except for the 1%). I know that I hate the Government but the sheep will go out of control and destroy the world and commit genocide.
The weirdest thing I experienced lately with money was with a friend. I owed him some money and offered him a cash repayment.
He refused... Found out He was So paranoid about the C19 virus, he thought it could have been on the money itself...
NGL - a lot of people probably became more cautious of handling cash during the pandemic.
Always remember - if you can’t hold it , you don’t own it !. One day your Urge for “convenience “ will make you in shed tears.
The invention of the electric kettle didn't get rid of the gas kettle. Choice is freedom, freedom is what they want to remove, control is what they are after.
@@JDMNINJA851 I use a gas kettle 😒
A better example might be books or paper.
CORRECT all control for the sake of control no purpose at all.Well done human race go fuck u self:)
@@maxpayne930 that's rude, and in technical terms you would be saying that to your self.
This should terrify everyone !
This is very dangerous. A double edge sword
I’m against no more cash
Great documentary..
Hi @luz mesa, thanks for watching!
Is there a blackout how you going to pay with a credit card machine has no power you got to pay with cash
Great point! It could happen with all these natural disasters going on very easily!
Power out in 21st century... imposible (idiots would think).
they dont take cash too when the power is out lol
That happened to us here in Panama City, Florida after Cat 5 Hurricane Michael. ALL electricity EVERYWHERE was completely out. You had to use cash for literally everything. If you had none, you were so screwed.
@@observer2181 LOL. We had 10 blackouts in Malta this winter. No power for a few hours to a day each time...
A big thank you to DW for sharing honest opinions and information rather than pressure people to buy into an idea. Great Documentaries and keep em’ flowing!
Agree.
Due to climate change especially during monsoon floods during 2015 for three days we were without electricity and mobile connection people using online payment suffered the most as their ability to buy food and services was severely affected
From Chennai south India
In the UK it is shocking how few shops accept 50£ notes most shops are to scared to take the risk. I also think that all black market payments will just switch to bitcoin
Best line ever: going cashless eliminated theft issues....
poor kid has no idea.
If this shop owner has a problem with money missing in his till or safe maybe he should start to question his staff and lack of honesty.
previously his store was getting robbed, bt in future these card companies will rob his monthly revenue details and sell those to his competitors and will end his business.. he is such a dumb guy.
@@totalrecall8385 His employees can rob him and hell never know
Revelation, one world government controlling buying and selling.
So true, we will never be able to keep an eye on the leaders doings elektronisk, only the goverment can Keep an eye on the People us. We are witness to this in the US goverments doing today!
Yes
So what are we going to do?..what does this mean for us?
And people who are called human resources don't think that should they have no value to be monetary worth something could not be devalued, deleted and banned from every thing that they have. Food, clothing, health care housing and being cashless except for electric account is going to be so convenient until you have been able delete from the system literally locked out of existing. This is a huge fear because they have the information that you don't have and you will be at no means able to survive this monitoring and how are we going to think free act free be independent and individual if we don't have any power to make our own decisions about what we buy if we are of such obedient population we all are even afraid to dream of being free from slavery that we have forgotten about how to be human beings and not just programmed units of flesh its not the world I would like to be part of because they are not going to give us much of a choice. Like or they can cast u ou.yea I worry about it
@@weirdwildweed6557 Correction...Worlds
governments.
One person said that the government should be scared that they don't know where big amounts of cash go. That is some BS. If it's your money, you can do whatever you want with it.
The guy makes a good point.
We should have more than one option for payment.
But even if they do get rid of paper cash,who really cares anyway?
Well, another smart way to control people so easily 😐
We will go back to trading and cut the government out of it.
Preach!
Bartering will be the trend of the future.
@@monicaperez2843 be interesting if it does
This would only mean that the govt, state or big corporations could also freeze our assets if we don’t conform to their rules or be obedient to their form of conformity.
Electronic money is a big mistake in a world where electricity might become unstable when oil is not available anymore and there is not enough alternative energy sources
what scares me In a cashless society, freezing our assets will require less clicks than a 4 digit pin.
Banks: "Purrfect...how soon can we implement it?"
Years ago I believe it was Brazil where all banks shut down, elites took all assets and redistributed less money to people than they had before. Covid will most likely be used to implement a cashless society and then chips put into our bodies!! I pray for people to fight many freedoms and rights they are trying to take away but unfortunately they use lies that people fall for!!!
Imagine being able to lock you out of your bank/money, home, and car or public transportation simply by disabling your phone
@@sortarican1604 RFID Chip can do all of those things easily, they are being used as a means for payments also as keys for houses and cars and also being used as ID
It is a chip the size of a grain of rice and they insert them into peoples hands / body
You can see them in action already if You search YT for RFID Chip
RFID = radio frequency identification
They can be turned off also due to being on a network / system all they would have to do is disable the chip
They will use security to bring them out due to phones and other things can be stolen or lost, RFID chip cannot be due to being implanted into the users body
Start paying in cash more often. They are trying to force everyone to a card.
And if that happens they will change that system . But it all adds up to control. Like he said no cash no theft. But a hacker could clean you out.
Your own bank, you mean ?...
No . But cash will help us to be able to not let them track us all the time. Like for example if you only had a card. They can charge for everything, like the public rest room, they will know where you are at all the time.
CC make a little amount of fees so do banks take that times millions Banks ,CC want to go cashless !!
Yes
Pay cash!ALWAYS
Totally right about having control over big transactions, we should get rid of money laundering
Brett rocking the Peter Sutcliffe look!
Remember what happened in Greece, people lost 50% of the money in their bank accounts for "austerity measures". If we go cashless, the banks will be able to take all of your money with the press of a button. It's important to save your money in the form of assets/shares in business/etc and use cash.
you still get robbed by inflation with your cash, use nano cryptocurrency, global payments in seconds, with no fees ever, and no inflation ever, and no permission required, or theft ever.
Daniel Sadjadian I agree with you. I wouldn’t want to go cashless! I think that’s a very stupid idea for the future to go cashless.
C = Cash C = Crooks
Daniel Sadjadian ,Yep they own the money and us! Full control!
Just look what happened to venezuela when people go to the atm to take some cash, everything is freezed by usa, they cannot even have money to buy some food
What happens during a natural disaster, when you phone can't connect to the internet?
I don't think it's really ideal to trade during a natural disaster because prices of goods will be too inflated. You consume what you've stored in preparation for the natural disaster. The value in this case will be the goods that you own or if the situation is worse, your weapons.
So the best case would be to buy many goods and have an insurance. Just be prepared I guess.
You then pay with cash. That’s why it’s needs to stay.
SnBergamo So you have shown why cash needs to stay. Avoid plunder as you put it.
The same thing what happens when the ATM doesn't work.
I've been astonished and unnerved at the ease with which retailers and others can now simply refuse to accept cash.
In my naivety, I always thought one had no option but to accept the "coin of the realm" as "legal tender" in settlement of a debt. Even if some bloody-minded so-and-so were to hand it all over in 1p pieces, I thought that was the law and that it was necessary to guarantee the integrity of the currency and therefore of the whole financial system.
Turns out that, like many assumptions people held until about a week ago last Tuesday, that isn't the case.
And we'll all pay for it, so to speak, in the end.
If you ever happen to have different ideas that threaten the established power say bye bye to your bank accounts. Don't give them the satisfaction, use cash.