Cashless payments are on the rise. They are fast, easy and convenient. Worldwide, cashless transactions have become the norm.
This 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 enable “Total Information Awareness” encompassing every monetary transaction no matter how small. 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 transaction fees and collect as much financial data about consumers as they can.
The aim is to gain complete control over your buying behavior. But 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. For some of us, cash is and will remain a symbol of freedom.