Governments want the public to believe that the future of money is inevitable and that cash has become an obsolete nuisance. It is not obsolete to possess an asset that cannot be remotely frozen, rejected by a terminal, erased by a software error, or made inaccessible because a bank’s server failed. Cash remains dangerous only to those who want every unit of currency deposited, traceable, taxable, and ultimately controllable.
The Swiss plan may provide a useful emergency service, and nobody should object to having an additional payment option during a temporary outage. The issue is the relentless refusal to treat cash as the primary layer of financial resilience. They will redesign cards, reconfigure millions of terminals, coordinate banks and retailers, install backup power, and store transactions for later surveillance, but they will not simply encourage people and businesses to keep enough physical currency available for an emergency. They will do anything to keep your money inside the system because once you hold cash, you no longer need their permission to use it.
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