Posted by In Argentina in the 1970s, an economic crisis resulted in cash being devalued every day, then every hour, until it became worthless. People were frantically withdrawing wads of notes and bags coins from their banks and rushing to the shops to buy essentials – only to discover that the price of a loaf of bread (etc) was inflated to ten times the price it had been just an hour previously.
The retention of cash as a payment option won’t prevent this happening.
Nor will it stop the Govt, bankers or any powerful entity seizing your savings – whether they take it from your bank account, your vault, or simply by increasing taxes, they can and will take your money.
Your point about Big Brother is still valid – but a faceless Big Brother scrutinising your spending is the least of your worries if you are a vulnerable old person who is being targeted by muggers, fake carers and other scumbags who prey on the kind of people who stuff their savings under the mattress.
My book “Cash Kills” makes the case for killing cash. It’s available on Amazon but, like cash, it’s untraceable when you search for it, so I’m going to periodically post a link to it on TikTok, X, etc. It includes true stories from the courts and my own archives of people mugged, burgled, scammed, catfished, chased, pimped and even murdered – for cash.
It also contains tips on minding your money and protecting vulnerable adults.
And there’s a section dealing with the rise of the “Keep Cash” campaign in Ireland and the UK.
Old people, retail workers, social welfare recipients, sole traders, security guards and police are all in danger while cash exists. The only people who benefit from a cash economy are the owners / investors in security firms – and of course thieves.
Who Watches the Watchers? 