Tuesday, July 24, 2018

Big Finance Is Behind The Cashless Society Con



Technocracy depends upon a digital society where every transaction can be tracked and analyzed. Cash prevents such tracking, and thus is being unilaterally removed. There has been no public request or particular need to destroy cash and so far, the public has not resisted the push. ⁃ TN Editor

All over the western world banks are shutting down cash machines and branches. They are trying to push you into using their digital payments and digital banking infrastructure. Just like Google wants everyone to access and navigate the broader internet via its privately controlled search portal, so financial institutions want everyone to access and navigate the broader economy through their systems.

Another aim is to cut costs in order to boost profits. Branches require staff. Replacing them with standardised self-service apps allows the senior managers of financial institutions to directly control and monitor interactions with customers.

https://www.technocracy.news/big-finance-is-behind-the-cashless-society-con/

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