The economy in Europe is currently in process of collapse, due to overtaxation, stupid monetary policies, welfare states, work rules, and lots of fascism and socialism spread all around. The people are not keen on supporting what they recognize is a failing system, even as the governments continue to say it’s all improving. In order to avoid paying confiscatory tax rates, people, businesses, even $1000+ hotels are asking to be paid in
In response, limits are being placed on the size of transactions which can be conducted in cash. The latest is France, going from a limit of 3000 to 1000 Euro.
I never really thought about it, but I had a vague feeling that there would be some sinister plot to get people off cash. Some great deception on the part of world governments. Maybe scare you into believing it was for your own good. But I just thought: they’ll cram it down your throat because shut up. “Less” is never an option for the Statist. If they see everyone avoiding taxation by using cash, they’ll just ban it eventually. Because they need the money more than you and are smarter than you when it comes time to spend the money.
You can’t cheat taxes when a computer processes the transaction – so the worldwide fascists in government will mistrust the people they purport to serve so much, eventually cash will be banned in favor of electronic transactions. And by that time the people may even have become convinced this is necessary, right, and proper. The minority of elites currently believe that “only criminals use cash” and are fools.
By the time of the Great Tribulation, criminals won’t use cash. They’ll chop off your right hand, or your head, for the marks embedded in them. It won’t be more secure, but it will be much more gory.