‘Anything But A Cashless Society’: UK Consumers Defy Banks’ War On Cash

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The more you resist plastic credit cards in favor of cash, you are contributing to the worldwide resistance against total bank control. While cash may be less convenient for some, it stymies global banks, central banks, the Bank for International Settlements and the World Economic Forum. Whenever you pay in cash, tell the receiver why you are doing so and encourage them to do the same. ⁃ TN Editor

The World Economic Forum (WEF) has been pushing hard for a ‘cashless society’ in a post-pandemic world, though physical money has made a comeback in at least one European country as consumers increasingly use notes and coins to help them balance household budgets amid an inflationary storm.

He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, 17 and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.” Rev. 13:16-17

Britain’s Post Office released a report Monday that revealed even though the recent accelerated use of cards and digital payments on smartphones, demand for cash surged this summer, according to The Guardian. It said branches handled £801mln in personal cash withdrawals in July, an increase of 8% over June. The yearly change on last month’s figures was up 20% versus the July 2021 figure of £665mln.

Across the Post Office’s 11,500 branches, £3.31bln in cash was deposited and withdrawn in July — a record high for any month dating back over three centuries of operations.

The report pointed out that increasing physical cash demand was primarily due to more people managing their budgets via notes and coins on a “day-by-day basis.” It said some withdrawals were from vacationers needing cash for “staycations” in the UK. About 600,000 cash payouts totaling £90mln were from people who received power bill support from the government, the Post Office noted.

Britain is anything but a cashless society,” according to the Post Office’s banking director Martin Kearsley.

Read More @ Technocracy HERE

1 COMMENT

  1. During the financial crisis of 2008 a north of England building society turned bank, The Northern Rock, closed it’s doors and shut off it’s ATM’s. TV news showed endless queues outside branches; people needing to withdraw cash from earnings, pay bills and make deposits. If I recall correctly this situation persisted for about six weeks.

    Six weeks with no cash, viable debit cards or abilty to pay bills, the hardship caused is unimaginable. Fees for late payment or non payment piled up. Some were threatened with repossession of their Rock mortgaged homes! The Rock just shut it’s doors, as simple as that! I thought at the time, this is a dummy run for something.

    But, we learned a life lesson.

    Our family think we’re dinosaurs for being debt free, for using cash and keeping adequate paper currency reserves; positively geriatric for bartering with others in the village … and other currency-free acts. No transaction is illegal or immoral; simply, an understanding between two or more parties to engage in a deal in an agreed fashion.

    Our present tax rates are off the scale; little wonder we got 30% dicount for cash on the labour for a new clutch for the car!

    Long may it last.

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