Cashless World: 1 out of 3 People Never Use CashBy Rory Hall When India banned, made illegal, the 500 and 1000 rupee banknote this move affected 1 out of every 7 people on planet earth. That means that every 7th person, anywhere and everywhere, you come in contact with may have been affected by this cash ban. Our individual sovereignty is tied directly to our ability to move freely about. When every step wemake is tracked by the bank/government our sovereignty is gone forever. Freely trading commerce is one of the cornerstones of human sovereignty. Without the ability to conduct business with whom we wish, when we wish, we are nothing more than cattle to the overlords of the land. An expat living in Thailand sent me an email last week, at the height of India blowing apart because of the idiotic decision by Prime Minister Modi to eliminate the two most used bank notes in India. The email was to inform me that Thailand would be implementing a new policy in the early part of 2017 to completely eliminate coins from circulation.South Koreahas already taken measures to eliminate coins from circulation. Here is a Google translation from the Korean website wikitree.co.kr(once you arrive you will need to translate from Korean language). From next year, you can get the change of cash that you bought and paid at a convenience store on yourtransportation card. The Bank of Korea announced on the 21st [November] that it will provide a service to charge prepaid transportation cards at convenient stores from the first half of next year (2017) as the first stage of the demonstration project to realize a society without coins. Whats happening in Thailand? Well, the government doesnt even bother with trying to cover up the scheme tomove people onto the tax farm currency enslavement awaits for all who enter the great Bangkok Baht giveaway!!! According to Bangkok.Coconuts.co(published in July 2016): Want to win a million baht? Go for e-payment, says Thailands junta, offering a lucky draw as an incentive to use the new online payment scheme PromptPay. The government wants to encourage citizens to use the service for business, in an effort to bring some of the massive informal Thai economy onto the books and boost tax revenues. As Southeast Asian economies struggle and tax income misses budget targets, Thailands finance minister is hopeful that a nationwide e-payment scheme can add tax revenue of THB100 billion a year to the coffers. Finance Minister Apisak Tantivorawong has estimated the move will save banks and businesses a combined THB75 billion a year, though other policymakers expect it could take some time for businesses to change their habits. Cash and checks now make up 80 percent of transactions. A coup in May 2014 ended months of political unrest, but the generals have struggled to revive Southeast Asias second-largest economy as exports and consumption remain weak. What about the most populous country on the planet: China? Well, they are, currently, in fourth place in use of digitized currency behind the U.S., Europe and Brazil. While none of these countries have eliminated cash from circulation, the banks/governmentmake is sound trendy, convenient and oh so cool to never use cash. Why force a policy changewhen you can convince the people to hand over their freewill? Although China still has some way to go before it catches up with countries such as the US and Sweden, the speed at which China has made the shift from cash towards cashless has surprised many. Non-cash payments have been growing by around 40 per cent a year and last year China moved into 4th place in the world for non-cash payments after the US, Europe and Brazil. There are many reasons for Chinas rapid transition away from cash. One is urbanisation, as non-cash payments are becoming both easy and popular. This is especially the case in top-tier cities such as Shanghai, Shenzhen and Beijing where it is both trendy and convenient to pay without using cash. There is a huge variety of choices when it comes to making cashless payments and China UnionPay has definitely helped to encourage this, particularly in the case of debit cards, which outnumber credit cards in China by 10 to one. China has more than 4 billion cards on issue almost enough for each adult to have about three each. Mobile payments have also taken off in China it has the largest proportion of people in the world using their mobile phones to make payments, online and physically. Source The purpose of going cashless is not for our convenience, it is specifically for the purpose of saving the banks and tax collections. Governments and banks could care less about what is convenient for us. They are only concerned with how much of our wealth they can extract from every person who has any currency. The population of South Korea is 50.22 million people; or said another way, about 1/6th the size of the United States. India, on the other hand, is populated by 1.33 BILLION people while there are 7.4 BILLIONpopulating the world.With Thailand making moves to remove cash/coins from the people we need to add their population to the mix as well. With more than 68.22 Million people, this brings the number of people who are being forcedby their government to use digital currency to a whopping 1.45 BILLION people. If you add 40% of Chinas population of 1.35 BILLION, that equates to approximately 540 million people. In total, the number of people currently living within a cashless society breaches 2 billion people; or said another way, 1 out of every 3.5 people we come into contact with every day. Every 4th person you greet has nothing to do with cash. This does not take into account the top 3 nations using digitized currency for their transactions. If the U.S., Europe and Brazil were calculated we would be well below 1 out of 3 people never using cash for any transaction. Some people who are reading this are telling themselves so what? those are distant far-off lands that have nothing to do with the U.S. and this will never happen here. Well, not so fast. Larry Summers, whois like an embedded tick at the Treasury Department of the United States, has called for the elimination of the $100 bill. With the elimination of the largest denominated bank note from circulation this would effectively kill the use ofcash. Why? Because it would eliminate most of the total cash value from circulation in one fell-swoop. With $1.2 trillion in cash in circulation, as of July 2013 (now three-year-old information), not just in the United States butaround the world, removing the $100 bill would deal a serious blow to the cash balance in circulation. Maybe not the amount of pieces of paper, but the cash value removedwould be huge. Imagine going to a casino and hitting a blackjack table for $2,000 and the cashier hands you bundles of $50 bills (40) or worse, bundles of $20 bills (100)! $2,000 payout at a casino is not that a big deal. Having to handle the sheer volume of bank notescould potentially be a problem for the person receiving the windfall of paper. If you have any misguided notion that a cashless society is not coming, just keep telling yourself that every time you use a debit card, credit card or your phone for your next purchase. With the elimination of cash we effectively hand over our individual human sovereignty to the banks and the government. You can read more from Rory Hall at his website The Daily Coin, where this article first appeared. Image Credit: Pixabay.com Most use credit or debit cards nowadays, not realizing all purchases are tracked. I think you made that number up. I do not believe that one out of three people do not use cash. At least not where I live. Not using cash is really foolish; the banks can trace everything you do and by extension, the government when you buy things with a credit/debit card. People need to start thinking about what they ar doing and.what the government is doing. Local small business is under a lot of of pressure from big chain stores, and plastic card transaction fees further eat into what little profit remains. I shop local and use cash whenever possible, Save the plastic for the corpse. (that last word is supposed to be a joke :)) 