An Efficient Way to Do Business. Or Insidious Crowd Control?
Introduction
In today’s world, technology is advancing rapidly, and one idea gaining traction is the possibility of a cashless society.
This means we won’t use physical money anymore, and all transactions will be done digitally. While this may sound convenient, there are some concerning aspects to consider.
One big worry is about our privacy and how much control we’ll have over our own money and decisions. Here, we’ll talk about two important events that show the risks of a cashless future and why we need to be careful about it. Watch out for my Vlog in the coming months on the government the banks and the rise of CBDCs.
How Does It Affect You?
Let’s look at two real-life examples to understand how a cashless society can impact us.
First, there was the recent scandal where Nigel Farage had his bank accounts “cancelled” for reasons related only to his political views. This raised questions about freedom of speech and whether big institutions should have the power to control our money based on what we believe.
Another event happened during the COVID-19 pandemic, where truck drivers who transport essential goods were forced to get mandatory vaccinations.
When they peacefully protested, the government froze their bank accounts, affecting their ability to support themselves and their families.
This shows how a cashless system could be used to control people and limit their choices.
For people in Spen Valley this is not just some distant national issue. Especially the issue with the truckers who are real everyday people just like you and I. If it can happen to them it can happen to people in Spen Valley
What Do I think?
The risks of a cashless society are serious, and we need to be cautious.
These incidents with Nigel Farage and the truck drivers show that a cashless system could give too much power to big institutions and the government. We might not have much say over our own money and decisions.
Imagine a government in control of your finances such that they could obstruct your purchases; put time limits on the use of your money and deny you access to your cash altogether if you say the ‘wrong’ thing on social media!
Artificial intelligence too, is also becoming more powerful, and in a cashless society, it could track everything we do, which raises privacy concerns. We must think about how this could affect our freedom and control over our lives of not just us, but our children’s lives to come.