Cashless Society: The Countries Where Cash Is Going Extinct

Cashless Society:  The Countries Where Cash Is Going Extinct

Lauren Comiteau

My dad, a former Wall Street trader always advised me “cash is king” and to “hold on to it” when the economy gets tough.

I can’t remember the last time we received a cash payment

But in the Netherlands, cash is definitely not getting the royal treatment. In so many places, it has simply ceased to be recognised as legal tender. More and more Dutch stores, from upscale health-food store Marqt to my local baker and bagel shop, take pin — or debit — cards exclusively. Some retailers even describe going cash-free as “cleaner” or “safer”.
Tucking my debit card firmly away, I decide to see how far a bundle of cash will get me. Not far. The big-ticket items are strictly cashless affairs: my rent and my telephone bill among them.

Agenda 21 Franken Markets

PoliticalVelCraft 

Resource analyst and futurist Chris Martenson says “bubbles are everywhere,” and it’s the fault of central banks.
Martenson explains, “Italian 10-year debt is trading with a lower yield than 10-year U.S. debt. That’s because the European Central Bank (ECB) has created a massive bubble in the bond market. . . .
We’ve got housing bubbles all over the globe in Australia, Canada, the United States, Hong Kong, London and you name it. This is simple because, and there is no mystery about it, the central banks have printed lots and lots of money, trillions and trillions, and people have gone out and bought things with all that money, and it has driven up the prices of things.