{"id":85920,"date":"2017-01-30T12:00:59","date_gmt":"2017-01-30T12:00:59","guid":{"rendered":"https:\/\/www.transcend.org\/tms\/?p=85920"},"modified":"2017-01-29T10:33:07","modified_gmt":"2017-01-29T10:33:07","slug":"the-global-war-on-cash","status":"publish","type":"post","link":"https:\/\/www.transcend.org\/tms\/2017\/01\/the-global-war-on-cash\/","title":{"rendered":"The Global War on Cash"},"content":{"rendered":"

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18 Jan 2017 – <\/em>There is a global push by lawmakers to eliminate the use of physical cash around the world. This movement is often referred to as \u201cThe War on Cash\u201d, and there are three major players involved:<\/p>\n

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  1. The Initiators<\/strong>
    \nWho? <\/em>
    \nGovernments, central banks.
    \nWhy?<\/em>
    \nThe elimination of cash will make it easier to track all types of transactions \u2013 including those made by criminals.<\/li>\n
  2. The Enemy<\/strong>
    \nWho? <\/em>
    \nCriminals, terrorists
    \nWhy?<\/em>
    \nLarge denominations of bank notes make illegal transactions easier to perform, and increase anonymity.<\/li>\n
  3. The Crossfire<\/strong>
    \nWho?<\/em>
    \nCitizens
    \nWhy?<\/em>
    \nThe coercive elimination of physical cash will have potential repercussions on the economy and social liberties.<\/li>\n<\/ol>\n

    Is Cash Still King?<\/strong><\/p>\n

    Cash has always been king \u2013 but starting in the late 1990s, the convenience of new technologies have helped make non-cash transactions to become more viable:<\/p>\n