Great Ponzi.com

2012-04-16

Anti-cash propaganda in media


I was listening to CBC (national Canadian broadcaster) this morning and caught a segment about adoption of electronic payments. The 'expert' said some shocking things in his case against traditional physical cash, talking about paper/coin cash.

“Cash it no longer used for traditional commerce. Its domain is increasingly crime, money laundering, terrorism”

(exact quotes) “Cash is generally not contributing positively to society ... of course some people will still want to hold onto cash: drug dealers probably, prostitutes”

And therefore, he goes on to describe, we need to use more electronic payment methods. Sure these transactions are more easily tracked.  Less privacy and more government control, certainly. But hey - you're not a drug dealer or prostitute right?

Personally, I like cash and find these arguments very worrying:

- Perpetual Bull, perpetualbull@gmail.com