UnHerd
UnHerd’s Flo Read mets Brett Scott, author of Cloud Money.
Read the accompanying article: https://unherd.com/thepost/brett-scott-beware-a-cashless-society/
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// TIMECODES //
00:00 – 00:42 – Introduction
00:42 – 01:51 – Brett Scott explains the meaning of a cashless society
01:51 – 05:45 – Has the pandemic accelerated the drive towards a cashless society?
05:45 – 11:39 – Do businesses win or lose from a society without cash?
11:39 – 16:48 – What other motivations are there for a cashless society?
16:48 – 23:14 – What data can banks access when we pay electronically?
23:14 – 27:18 – Could a cashless society enable an authoritarian social credit system?
27:18 – 34:42 – Could crypto be the antidote to a world of digital cash?
34:42 – 36:54 – Brett Scott explains how we can fight back against a cashless society
36:54 – 37:15 – Concluding thoughts
#UnHerd #BrettScott #CashlessSociety
I forsee that should the Elites remove cash then the masses will remove the Elites most probably by executing them.
It happened in France back in 1789 and the Elites will be killed again for their arrogance and hubris….history always repeats they say.
My experience with cash in the USA 🇺🇲 https://youtu.be/fgdjoNIIh-I
I think cashless digital society could (or would) go further with having personal information attached to digital community. For example; someone that has a criminal record, or a bankruptcy. Possibly social habits. Anything negative that can handicap. Big brother is here.
I've got a couple a friends who are rich because of tax avoidance since they are earning mainly in cash via their business. Can't wait for cash to disappear 😌
Bitcoin is private money (just like cash)…… it’s permissionless money (just like cash)…….. it’s censorship resistance money (just like cash)
Its reassuring to hear that central bankers are apprehensive about a cashless society
Be careful. Conspiracy today is often facts in 6 months!!!
There are high charges to banking cash. Then the obvious security issues . Also there are money laundering regulations against using large amounts of cash.
I dropped cash for may laptop and phone last two trips to Apple Store. That look on everyone’s faces as I counted out $2800 was priceless :))
In the UK I qualify for free prescriptions due to a permanent medical condition. I needed a doctor about another issue. NHS Nurse triage decided, over the phone, my diagnosis and that it could be sorted by my local pharmacy. Therefore I was BLOCKED from seeing a doctor. At the pharmacy I had to PAY for the medication. So this is invalidating my free prescription card. Control of the monetary system this way also.
great to see this really important topic discussed! I was a bit disapointed to not hear more about the resilience of cash that isn't present with digital, invisible money… for example what would happen to all the credit card transactions in a power cut? in an internet cut? when (not if) the next major banking crash hits and all the digital money vanishes?
Not sure why cashless would disadvantage small firms. They would have to handle cash instead which would have fees attached in its case. Right? It is still the small firm selling things?
Personally I found Bret Scott boring. He added nothing of value to the interviewer's opening statement.
He seems to be a professional contrarian without any real reason to be so, other than being cleverer & different.
The questions & framing for useful information were good, but the responses were pretty nebulous to me. I feel sorry for the obviously well prepared interviewer.
Governments are the ones pushing for a cashless society. The banking sector has nothing to do with it. It is all being pushed by the Government.
The Governments have stuffed their debt into banks as reserves and into Pensions, retirement accounts and insurance companies, annuities, and they are pivoting to default on that debt and replace it with a Government printed Digital Currency and they will not allow any competition to their digital currency, and just like they did in 1933 when they confiscated and made gold illegal domestically in the US until 1971, they will confiscate and make illegal all crypto currencies.
Cash will be blackmarket and it will be the largest blackmarket ever.
The question of 'conspiracy' is particular to those who pose the question. We might say it's the 'laptop class' who trust implicitly in technology and have good faith that government will look after it's citizens. For them it's ok that market forces hold reign on societal evolution, and for them to speak of conspiracy is just nonsense.
On the other hand talk to the man who scratches a living from the dirt – the farmer who sees the value of his labour diminish year on year; or any one who's income is tied directly to raw goods and labour. For these, the verity of global giants acting in concert doesn't need a sombre cabal whispering in a soundproof basement – to recognise how the intent of the billionaire class plays out in favour of their enrichment and global inequity. The inevitable consequences of well heeled investors and commodity traders who collectively energise market forces – is to depress small time entrepreneurs and shut down high street shops; for the working class, use of the word conspiracy is simply an act of rhetoric – what does it change – whether we use it or not ??
The bank knows I used my credit card at the grocery store, at home depot, at Amazon, but they do not know what I spent my money on. With a digital currency, every detail would be available to the government and they will be able to program their money to tax all carbon at the point of sale instantly.
Always cash
It's the Governments that are conspiratorial with the corporations who just see another income revenue and data stream for business. The Governments are the ones pushing and implementing a cashless society so they can tax every dollar at the Point of Sale for ever carbon footprint dollar they can squeeze out of you.
Dem eyebrows
What society will look like? how about reengineered new man. "social media" is a euphanism for social engineering. This can all be attributed to Marxism 2.0 People such as Bezos are not tech engineers but social engineers.
Corporations could never accomplish cashless with out Government. It is the Government that is pressing for digital currency.
Bitcoin is a government operation to get the majority used to digital currency.
The banks were not shutting down truckers bank accounts on their own whim, they were doing so at the behest and command of the Government.
The Government confiscated and then made gold illegal for domestic use in 1933 effectively defaulting on the liberty bond domestically. When the Governments default on their debts and pivot to a government printed and controlled digital currency, they will do the same thing to existing crypto's, they will confiscate them and make their use illegal.
The banking sector has been destabilized by the Government Debt they must hold by Government mandate as Reserves. When the Governments default on that debt, no doubt the majority will go under and the tech companies will be so happy to pick up that slack.
🥱
The guest interviewer went very quiet and almost deflected the WEF's proposed carbon credit environment, It might be worth a look into Brett Scott's background and elegances…
Trudeau and his ilk would love a digital currency. We've seen his government freeze protesting Canadian truckers bank accounts.
“Cashless” means people will be controlled by centralized planners who will decide what you can and cannot purchase and when . They will do this in the name of whatever they decide is for the “greater good”. It’s a very bad idea.