Cashless society seems like an inevitable progression into an easier, faster and more convenient future. But this comes at a huge of cost of privacy and anonymity of cash payments, and freedom from control over people's funds. Support independent content by donating Monero or Bitcoin Monero: 84DYxU8rPzQ88SxQqBF6VBNfPU9c5sjDXfTC1wXkgzWJfVMQ9zjAULL6rd11ASRGpxD1w6jQrMtqAGkkqiid5ef7QDroTPp Bitcoin: 1HkDxXAVDFhBHSyRjam5WW5uoY88sxn5qz Limiting cash payments and banning high-value bank notes is becoming a global trend. In France the cap on cash transactions is only 1,000 euros and in Italy it’s at €2,999.99. The European Central Bank has recently stopped issuing €500-notes, although they will remain accepted as a legal tender indefinitely. India’s Prime Minister Modi banned the use of 500 and 1,000 rupee notes basically overnight. In Sweden, no high street bank in big cities handles cash anymore with 85% of the population banking online. Sources: [1] https://paleofuture.gizmodo.com/1970s-researchers-predicted-debit-cards-would-be-great-1699216972 [2] https://paleofuture.gizmodo.com/the-privacy-dangers-of-a-cashless-society-were-clear-ov-512266908 [3] https://paleofuture.gizmodo.com/the-privacy-dangers-of-a-cashless-society-were-clear-ov-512266908 [4] https://www.theguardian.com/australia-news/2018/may/08/australia-federal-budget-2018-cash-payment-crackdown-tax-evasion [5] https://gizmodo.com/australia-bans-cash-for-all-purchases-over-7-500-start-1825946888 [6] https://coingeek.com/australian-bill-to-exclude-crypto-from-new-cash-payment-restrictions/ [7] https://www.theguardian.com/world/2016/feb/08/german-plan-prohibit-large-5000-cash-transactions-fierce-resistance [8] https://www.bloomberg.com/news/articles/2016-05-04/ecb-decrees-slow-death-of-500-euro-note-in-fight-against-crime [9] https://www.theguardian.com/world/2016/nov/08/india-withdraws-500-1000-rupee-notes-fight-corruption [10] https://www.abc.net.au/news/2018-03-06/$100-note-could-be-dumped-to-starve-black-economy-economist/9520210 [11] https://www.theguardian.com/world/2016/dec/30/india-cash-deadline-rupees-demonitisation-narendra-modi [12] https://www.theguardian.com/world/2017/jan/02/indias-bank-note-ban-how-modi-botched-the-policy-yet-kept-his-political-capital [13] https://www.bloomberg.com/opinion/articles/2016-10-14/the-cashless-society-is-a-creepy-fantasy [14] https://www.bbc.com/news/business-43645676 [15] https://www.fastcompany.com/3056736/what-happens-when-we-become-a-cashless-society [16] https://hbr.org/2014/06/the-hidden-costs-of-cash [17] https://www.inc.com/will-yakowicz/dealing-with-cash-costs-american-businesses-55-billion.html [18] https://www.zdnet.com/article/identity-theft-credit-card-fraud-cost-us-consumers-16-billion-in-2016/ [19] https://www.irs.gov/pub/irs-soi/p1415.pdf [20] https://itep.org/fact-sheet-apple-and-tax-avoidance/ [21] https://www.nytimes.com/2017/11/06/world/apple-taxes-jersey.html [22] https://washingtonsblog.com/2016/02/economics-professor-negative-interest-rates-aimed-driving-small-banks-business-eliminating-cash.html [23] https://www.businessinsider.com/the-effect-of-negative-interest-rates-2015-11?r=UK [24] https://tradingeconomics.com/euro-area/gdp-growth-annual [25] https://edition.cnn.com/2019/07/29/business/deutsche-bank-ecb-negative-rates/index.html [26] https://www.independent.co.uk/news/business/analysis-and-features/nudge-theory-richard-thaler-meaning-explanation-what-is-it-nobel-economics-prize-winner-2017-a7990461.html [27] https://www.bbc.com/news/business-27717594 [28] https://www.theguardian.com/commentisfree/2018/jul/19/cashless-society-con-big-finance-banks-closing-atms [29] https://money.cnn.com/2017/07/14/news/companies/visa-no-cash-restaurant-initiative/index.html [30] https://www.theguardian.com/world/2016/feb/08/german-plan-prohibit-large-5000-cash-transactions-fierce-resistance [31] https://www.bloomberg.com/news/features/2018-02-06/germany-is-still-obsessed-with-cash Credits: Music by CO.AG Music https://www.youtube.com/channel/UCcavSftXHgxLBWwLDm_bNvA Follow me: https://twitter.com/The_HatedOne_ https://www.bitchute.com/TheHatedOne/ https://www.reddit.com/r/thehatedone/ https://www.minds.com/The_HatedOne The footage and images featured in the video were for critical analysis, commentary and parody, which are protected under the Fair Use laws of the United States Copyright act of 1976.