How cash is becoming a thing of the past | DW Documentary (Banking documentary)

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2018-11-21に共有
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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コメント (21)
  • This is not about convenience! That is how they sell it. This is about control.
  • Imagine if people were smart enough to see when they are being used The best way of controlling people is to control their money
  • We experienced a big problem here in Puerto Rico after Hurricane Maria. The island went into a blackout so no one could get their hands on cash and couldn't use their cards because the internet and cell phones also went offline. This is one thing that people don't take into consideration. A bank is not going to give you money if they can't access your account to see if you actually have that amount in your account and a store is not going to sell you something without cash if their card service is offline.
  • They created supermarkets not just for ease of shopping, but they also track your movements in the store to compile your buying habits. It's not just about ease of payment. It's a system of control.
  • "Give a man a gun and he can rob a Bank. Give a man a Bank and he can rob the world." Tyrell Wellick
  • Here in Portugal, you can not live without cash at all. Because many shops and restaurants, etc, do not accept payment by card, only cash.
  • @lousozo87
    No one ever mentions the issue of TYRANNY. A cashless society is a society in which the government and the banks have absolute power over the individual. If your behavior is not approved, your money can just disappear.
  • I find it furious that some areas of Europe have no problem being penalized for using cash. Here in the US, it is the exact opposite: you are encouraged, especially with small businesses, to use cash to avoid fees that banks charge on cards, and to protect yourself against fraud.
  • Cash can be a life saver for when an emergency situation arise.
  • @rayray117
    I still pay for cash because it controls my spending.
  • @TheLuftie
    This is madness and insane !!! The scary part is many will love it until they will feel the downside !!!!
  • The criminalization of cash will prove to be the most outstanding tool of oppression we have ever known.
  • Running a small business here in the US cash deposits are free. There are fees to process credit cards which drains profits. So physical cash is MUCH better and easier.
  • Cash is a great way not to leave much paper trail and holding something physical is comforting in a way that you actually have/own it
  • No cash means the gvt will be able to tax every transaction, including when you sell a used item to another person. And the homeless will be put aside the system
  • NO to cashless society , lets step and fight for consumer rights.
  • The whole world should unite on this issue: don't do away with cash! If all money are "online", they control your money. I always withdraw a substantial amount of cash and keep them in a safe.