What would the world be like if there was only digital currency, a cashless society? Its no secret that the government/new world order are trying to reduce the use of physical cash like coins and notes, in favour of a fully digital, fully traceable, fully controlled, currency.
This would mean that the government could track your every action. Where you go to eat, where you live, where you go to shop, when you’re travelling, where to and how you’re getting there. The government would have complete control and could block your access to cash with the click of a single button.
The government are accelerating their plan and blaming it on the limitations of social distancing and the spread of germs, physical cash will soon be illegal in their government controlled society. Anyone with cash on hand or any business’ caught accepting cash would be seen as not following the new guidelines and could have their access to money revoked and their stores would be forced to close.
But is it really all doom and gloom? A cashless society would potentially make your money safer, you could still send money to friends and family, especially with the recent advances in technology.
There’s also a number of other benefits such as cashback, credit card rewards and the reduction of money laundering and frauds. However, criminals will always find a way around the rules set.
What do you think of a cashless society? Is it all bad news? Or is there some light at the end of the tunnel?
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#CashlessSociety #GovernmentAgenda #DigitalCurrency
This would mean that the government could track your every action. Where you go to eat, where you live, where you go to shop, when you’re travelling, where to and how you’re getting there. The government would have complete control and could block your access to cash with the click of a single button.
The government are accelerating their plan and blaming it on the limitations of social distancing and the spread of germs, physical cash will soon be illegal in their government controlled society. Anyone with cash on hand or any business’ caught accepting cash would be seen as not following the new guidelines and could have their access to money revoked and their stores would be forced to close.
But is it really all doom and gloom? A cashless society would potentially make your money safer, you could still send money to friends and family, especially with the recent advances in technology.
There’s also a number of other benefits such as cashback, credit card rewards and the reduction of money laundering and frauds. However, criminals will always find a way around the rules set.
What do you think of a cashless society? Is it all bad news? Or is there some light at the end of the tunnel?
My Favourite Investing Books;
Rich Dad Poor Dad - https://amzn.to/3gqVJBW
The Big Short - https://amzn.to/2ExjIB5
The Wolf of WallStreet - https://amzn.to/2PgVeyo
The Four Hour Work Week - https://amzn.to/30hr3xe
Think and Grow Rich - https://amzn.to/2XkLyHg
Intelligent Investor - https://amzn.to/2BUqEYg
The Equipment I use to make these videos;
Camera - Canon EOS M50 - https://amzn.to/3225DVx
Microphone - Rode Video Mic Go - https://amzn.to/2F4C5On
Lighting A - 2x Softboxes - https://amzn.to/331O1IW
Lighting B - Neewer Ring Light - https://amzn.to/3309wda
Small whiteboard - https://amzn.to/2R6urW5
If you enjoy these videos and want me to continue making more, consider becoming a member of the channel here; https://youtube.com/channel/UCRTndpz_fpcVcoVe0QF1IgA/join
Buy bitcoin using Coinbase here - https://coinbase.com/join/smallb_1u?src=ios-link
DM me on Instagram to get a free share worth up to £200 with FreeTrade - ThomasJamesYT
Social media
Instagram - ThomasJamesYT - https://instagram.com/thomasjamesyt
TikTok - ThomasJamesYT - https://tiktok.com/ @thomasjamesyt
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The information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, electrical or financial advice. IF stocks or companies are mentioned, Thomas MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Thomas' videos. If you need such advice, please contact a qualified accountant, solicitor, insurance agent, contractor/electrician/engineer/etc. or financial advisor.
This is not an advertisement of property for sale and shall not be construed as anything other than an opinion for entertainment purposes only.
Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week!
Inspired by Graham Stephan, Meet Kevin, Shaf Rasul, Andrei Jikh, Nate O'Brien, The Credit Shifu and more.
#CashlessSociety #GovernmentAgenda #DigitalCurrency
smart people will just use crypto currency
even PayPal has started accepting it at this point
and the government will have a bigger problem on because more and more people will refuse to use their currency
or use both like we do with cash now
Digital for big purchases, cars, houses, etc.
Physical for small items like food, toys, etc.
Great perspective. You brought up a lot of good points. Subscribed
My big problems with crypto is that depending on the currency it would continue be the same as the dollar with all currencies.
You hit the nail on the head regarding the most poignant point of all: CONTROL over human behavior and lack of any semblance of privacy. No more "Rub & Tugs" at the local Asian "Massage" Parlor, etc. Great job mate.
Interesting ideas would be crazy if this happened right ? So many businesses would go under would be mad !
You have stores that don’t accept cash these days and it seems like a feature of this pandemic (rejecting cash) that will continue.
I very rarely use cash tbh, as you said, you get so many benefits for using credit cards like cashback that I became completely relying on them! Great video! big like 23 to support you!
Government has more control Noooooooo
Sooner or later governments will issue digital currencies. When they do the advantages of sound decentralised money will become very appealing. All roads lead to decentralisation.
What do you think about a cashless society? would it be a all doom and gloom? or not as bad as first thought?
I think a balance is much more reasonable, hope they don't eliminate cash entirely!
Great video Tom!
Criminals will find new ways to launder money, yes the bankers will indeed.!