Technology has been slowly herding us towards using lesscash in exchange for electronic banking and fund-transferring. One way cash transactions have been limited over the years is by getting rid of bill denominations over $100. This makes large transactions difficult to handle in cash. Cash withdrawals have also been limited. Most banks don’t allow more than 6 withdrawals each month. These changes to the way cash can be handled have lead people to mainly use electronic means to have more convenience and less headaches. In the future, there may not be any printed money used at all.
- In recent years, especially in developing countries, national governments have been escalating their war on cash. Although the claim is for the safety and convenience of its citizens,
- This drive towards a “cashless society” is being headed by the likes of the left leaning Ford Foundation who in 2012 with the cooperation of national governments and their central banks have created what they call “The Better Than Cash Alliance”.
- it’s nothing less than “a despotic attack by the ruling elites on the personal privacy and liberties of their citizens.”
“The Feds refusal to issue larger denomination notes makes it increasingly difficult for us to use cash in large transactions…which is exactly what they are hoping for:”