How the plan to completely ban cash from 2024 will be implemented

The Greek government is introducing a complete ban on the use of cash in transactions over €500 from the beginning of 2024, with the aim of gradually eliminating it throughout the economy.

It is no coincidence that a recent statement by Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), said that central bank digital currencies (CBDCs) have the potential to replace cash.

Without cash, people will not only lose the ability to buy something without the knowledge of all Treasury officials, but they will even lose control over their own money, since digital currencies are “software” and when the authorities want, they will deny access to a citizen who considers himself their “owner”.

It is the absolute control of other people’s money by the central government that will allow them to gain access to it when they “restore” their choice. While it is expected that people will be able to use cash, what happens when access to it is closed? For example, what happens when banks close their branches and ATMs, as is happening in Australia?

In #Australia, #cash remains a vital method of payment, though there is an orchestrated move to push consumers into a #cashless regime.https://t.co/tjTXl3UYtT#ausecon #auspol #ausnews #auspol2023 #ausbiz #technology #privacy #cybersecurity #money #finance #economy #politics

— News Weekly (@readNewsWeekly) December 13, 2023

A corresponding report from the Australian television channel 7news states: “Another bank branch just closed. Older people found the process difficult. “I like to have a little cash. My grandchildren like to take a little cash sometimes.”, said one elderly man. Australia has lost 424 bank branches and 718 ATMs in the last twelve months. Banks are busy converting some of their existing branches into cashless banking centers where there are no longer tellers for cash transactions.”

Of course, what is happening in Australia will soon happen here too. A close look at the Greek market will show that getting change when paying with banknotes is becoming increasingly difficult. Greek banks are already closing their branches. This also means that we will see cash shortages in the near future.

Even such a simple thing as parents giving pocket money to their children will turn into a process that is not only complicated, but also illegal. Total control over society is established not when the authorities try to control the conversations of the people, but when their “pocket” is completely controlled.

The War on Cash: Monica Smit's Take on RBA's Actions.

Is the RBA waging a war on cash? Or is the truth that the future of cash is in our hands? RBA Governor Michele Bullock has come under fire for comments about the costs of cash.@monicamsmit @topherfield pic.twitter.com/uZD9Earqf5

— AW.Today (@theaussiewire) December 15, 2023

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