How cash is becoming a thing of the past Exposing China's Digital Dystopian 8 months ago   42:26

DW Documentary
Cashless payments are on the rise. They are fast, easy and convenient. Worldwide, cashless transactions have become the norm.

But Germany’s central bank and government are still clinging on to cash. Can they stop the move towards a cashless society? Our documentary shows who is behind the worldwide anti-cash lobby. Banks want to get rid of coins and bills for cost reasons, and politicians think less cash will cut the rug out from under criminals and terrorists. Central bankers want to abolish cash because it would make it easier for them to enforce negative interest rates. And digital payment companies like Paypal or Visa simply want to profit from money transactions and collect as much financial data about consumers as they can. Their aim is to gain complete control over our buying behavior. For example, the "Better than Cash Alliance" in New York is supported by financial corporations such as Visa or Mastercard. They say the more people that are integrated into the international financial system, the more growth and jobs it will promote. But as our financial behavior becomes more and more transparent, states are also using payment data to find out more about us. The ordinary citizen’s view of cash as a store of value, independent of third party interests, is being increasingly ignored. But for them, cash is and will remain a symbol of freedom.
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Comments 1374 Comments

bryan newton
What happens when they turn it off
RUHappyATM
One way of keeping track of the populace.
balbinder bains
once cash is gone youll regret it
Rare Bird
Johnny Cash does NOT approve 😡
ldk777far
Cash is king!!
trailer films
Stupid people when you have a card you will end up spending more and risking your info being somewhere it should not be this is so bad that cash is disappearing wake up people stop making it easy for banks and more expensive for you banks do that so people can switch to cards and end up paying more wake the f up. we are allowing to be monitored and losing our freedom we should have both just in case not just one choice no nope
FurryFace
using cash i think is a poor persons way of life , if that is abolished it just makes it harder for the poor to live , we don't usually have credit cards and Cell Phones either
ɱaiden Ξngland
power cuts. how do you pay when the electric goes off and you want a pizza
shukk
Meantime it’s really a past in China.from the big stores to buskers they accept wechat or Alipay transections
Night Storm
Cash is king.
myles adams
Cashless is bad because of market manipulation. Bitcoin is better. Unfortunately nothing is perfect. Digital payments freak me out. I still like gold.
Bobby Chang
Illegals do like it. I have no problems.
Rutland MGTOW man Uk
Time to give up your phones and go retro before smart phones and refuse smart phones
Rutland MGTOW man Uk
Monitored by soros!!!
Rutland MGTOW man Uk
I can already see a way this isn’t going to work ... and I will keep this private but if your a banker you still can’t get this information
Rutland MGTOW man Uk
This is gonna cause more anxiety in the people
Rutland MGTOW man Uk
It’s not going to happen this way it’s going to be far worse the banks are going for a reset
selai morin
Cashless, online banking rely heavily on electricity. When japan hit by tsunami, everyone which use digital money or cashless, cant go to store to buy everyday need.
OMG!
I guess eliminating cash would really cut down on bank robberies. Alas, another high-paying job lost to automation.
Long Schlong McBigdong
I still use cash for buying drugs and illegal guns.
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Exposing China's Digital Dystopian How cash is becoming a thing of the past 8 months ago   27:15

China is marrying Big Brother to Big Data. Every citizen will be watched and their behaviour scored in the most ambitious and sophisticated system of social control in history. Matthew Carney reports.

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