What is the war on cash and how will it affect you? How will a cashless world look like in the future?

1. The War On Cash
A CASHLESS FUTURE. GOOD OR BAD?

2. Scandinavia And Cash
A RACE TO BECOME A FIRST CASHLESS SOCIETY

3. Where was Cash at in 2015?
Notes and Coinage in Circulation per Citizen in USD
2018
Sweden: $620
Norway: $1038

4. Call For Cashless In Norway by 2020
Who is Finance Norway?
• Idar Kreutzer Director former CEO of Storebrand One of Norway's
Biggest Insurance Companies.
• Finance Norway is the industry organization for the financial industry
in Norway.We represent 240 financial companies with 50,000
employees.
Finance Norway Says Norway Should be Cashless By 2020

5. Norway Declaration of War on Cash
• Kortbetaling øker fortsatt – tror Norge er kontantfritt om få år. Åtte av ti
bruker kort som betalingsform, uansett beløp. Norge kan bli første
kontantfrie samfunn, ifølge Finans Norge.Sperren er borte.
• Norway in 2017 removed the law that forces businesses to accept cash as
payment.
• The demographics that use debit or credit at the fastest adoption are
people over 60.Ten years ago the use between young and old was
tremendous, it was at that time 74% of young using cashless and 17 of
people over 60.
• Today in 2018 this has changed and now the young use 90% cashless and
above 60 is now 64%.The total population cashless use is in Norway at 80%.

6. Norway Declaration of War on Cash

7. Call For Cashless Norway and Sweden by:
Stores Going Cashless

8. The Scandinavian War on Cash
Norwegian Cash Statistics

9. Scandinavian War on Cash
Norwegian Cash Statistics

10. Scandinavian War on Cash
Swedish Cash Statistics

11. Scandinavian War on Cash
Swedish Cash Statistics

12. Sweden’s Declaration of War on Cash
Swedish Cash Replacements:
Sweden Cashless by 24th of March 2023 according to Niklas Arvidsson at
SwedishTechnical School.
• Betalkort - används nästan uteslutande i handeln.
• Swish - finns hos allt fler större resebolag men ännu inte så mycket i
handeln. Dock hoppas Svensk handel mycket på Swish som alternativ till
kontanta medel.
• Kort i mobilen - tekniken finns men används väldigt lite av konsumenterna.
• E-krona - finns bara på idéstadium hos Riksbanken.Tanken är den digitala
valutan ska ersätta kontanter.

13. A Quote From Riksbanken, Sweden’s Central Bank
Riksbanken är Sveriges centralbank.
Vi ser till
att pengarna behåller sitt värde
över tid och att betalningar kan ske
säkert och effektivt.
Vi ger också ut Sveriges
sedlar och mynt.

17. The United States And Cash
ARE THE US AND THE WORLD HEADING THE SAME WAY?

18. The United States War on Cash?
Federal Reserve Cash Statistics

19. The United States War on
Cash?
The Federal Reserve Cash Statistics
$100 less printed
Less Notes printed

20. The United States War on Cash?
The US Has Printed NotesTo Prop UpThe World Since 2008?

21. The United States War on Cash?
The US Has Printed NotesTo Prop UpThe World Since 2008?
Ben S. Bernanke’s Speech as FED Governor in 2002. “Of course, the U.S. government is not going to print
money and distribute it willy-nilly (although as we will see later, there are practical policies that
approximate this behavior).Normally, money is injected into the economy through asset purchases by the
Federal Reserve.To stimulate aggregate spending when short-term interest rates have reached zero, the
Fed must expand the scale of its asset purchases or, possibly, expand the menu of assets that it buys.
Alternatively, the Fed could find other ways of injecting money into the system--for example, by making
low-interest-rate loans to banks or cooperating with the fiscal authorities. Each method of adding money
to the economy has advantages and drawbacks, both technical and economic. One important concern in
practice is that calibrating the economic effects of nonstandard means of injecting money may be difficult,
given our relative lack of experience with such policies.Thus, as I have stressed already, prevention of
deflation remains preferable to having to cure it. If we do fall into deflation, however, we can take comfort
that the logic of the printing press example must assert itself, and sufficient injections of money will
ultimately always reverse a deflation.”

23. The United States War on Cash?
The US Has Printed NotesTo Prop UpThe World Since 2008?
Kenneth Rogoff Author ofThe Curse of Cash. “Lowering interest rates
to negative levels would temporarily raise aggregate demand and
strongly incentivize banks to lend out excess reserves. But for such
efforts to be truly effective, it is necessary to clear the path fully for
negative interest rates. First and foremost, this means taking away
(or substantially taking away) incentives to hoard cash when
interest rates are negative, incentives that presently put a huge
check on the effectiveness of the policy.”

27. Banks and Cash?
WHY DO BANKS WANT TO GET RID OF CASH?

32. Why Cashless?
WHY DOES GOVERNMENTS WANT CASHLESS?

33. Why Cashless?

34. Why Cashless?
TAXATION

35. Why Cashless?
Control Over
The Peasants

36. The last Freedom is Gone!

37. How To Get To Cashless?
DON'T LET A GOOD CRISIS GO TO WASTE!

38. Don't let a good crisis go to waste!
• Let all banks fail, then tell all bank depositors they can move their
balance into a new cashless system.They will receive their currency back
or have lost everything.
• Removing all high denomination notes. Stop minting coinage like
Sweden or force the people by using laws against cash. Sweden
abolished the law of the need to accept cash. Norway is close behind.
• Create an e-cash non-debt backed currency like Sweden's E-Krona
project.
• A system like the Chinese Social Credit. Used to enslave people and
restrict their freedoms if any.

39. Bail Ins, Deposit
Insurance and Asset
Freezes
RECAPITALIZATION OF THE BANKSTERS?

40. Recapitalization of the Banksters?
• CDIC Canada, 0.39%-3.11% of depositors under $100k covered.
• Australia AUD 20B per bank. FCS gives AUD 20B to depositors
under AUD 250k if the bank fails. ADI Authorized Deposit
InstitutionCash holdings of banks vs. deposits low in most banks.
Between 3-7% in Banks, Credit Unions 1-5%.Cyprus haircut (Bail
In): Senior bond and depositors lost about 50% of their currency.
• Depositors over €100k lost 9.9%. Insured depositors lost 6.7%.
Also, the entire amount of deposits belonging to financial
institutions, the government, municipalities, municipal councils
and other public entities, insurance companies, charities, schools,
educational institutions, and deposits belonging to JCC Payment
Systems Ltd have been transferred to the Bank of Cyprus.

41. Recapitalization of the Banksters?
• Greece's Financial Crimes Squad (SDOE) said onThursday it had frozen
the assets of 121 individuals and companies involved in tax evasion amid
efforts by the government to stem endemic revenue loss.
• As a result of the 2011 Debt Crisis, the Greek government was forced to
close Greek banks for almost 20 days immediately and to implement
controls on bank transfers from Greek banks to foreign banks, and limits
on cash withdrawals (only €60 per day permitted), to avoid an
uncontrolled bank run and a complete collapse of the Greek banking
system.The capital controls remain enforced.
• BEPS and the Panama Papers false flag. Now you see Danske Bank,
Nordea, ABLV, Deutsche Bank and others complying with the OECD
regulation

42. Recapitalization of the Banksters?
• Ex-ante policies meaning capital controls no to stop a future crisis. Ex
$10k transactions domestically and internationally.
• The FDIC is approximately $8 billion in the red, although that's because
it set aside more than $20 billion in reserves for future bank failures.
Sometimes it's better for an organization to run in the red because it's
reserved against future losses than for it to show a balanced budget
without provisions for disasters ahead.
• In 2009 After Crisis. According to Kathimerini, Greek Finance Ministry
inspectors are about to start seeking out the owners of all local
undeclared properties, while the law will be amended to allow for
financial products and the content of safe deposit boxes to be
confiscated electronically.The plan for the identification of taxpayers
who have “forgotten” to declare their properties to the tax authorities is
expected to be ready by year-end, according to the timetable of the
Independent Authority for Public Revenue.

44. G20 and The FSB
"THE RETURN OF STATE AUTHORITY"

45. "The Return Of State Authority"
• Principles on Bail-in Execution
• Crypto-assets: Report to the G20 on the work of the FSB and
standard-setting bodies
• Guiding Principles on the InternalTotal Loss-Absorbing Capacity of G-
SIBs (‘InternalTLAC’)
• Developing Effective Resolution Strategies and Plans for Systemically
Important Insurers
• Policy Framework for Strengthening Oversight and Regulation of
Shadow Banking Entities
• Guidance for Developing Effective Deposit Insurance Systems

49. "The Return Of State Authority"

50. Cashless Future?
CENTRALIZED OR DECENTRALIZED?

51. Centralized or Decentralized?

52. Centralized Elite System
• SDR GlobalTrade and Governments
• Devalued National Cashless Systems
• Negative Interest Rates
• Social And Credit Rating System
• Everything isTraceable: Last Freedom Gone
• RFID Chipping of Humans?

54. Decentralized Peoples System
• Peer to Peer Locally and Globally
• End of Bankster Control
• Voluntaryism and Decentralization of Power
• Cashless Crypto, Crypto Precious and Other Free Market Currency
and Money
• Traceable and PrivateTypes of Currency and Money