As credit becomes easier & cash becomes difficult and inconvenient, we are slowly being moved to a cashless tracking system that questions your every move and may come to the point where we have to prove we really need that medicine or milk. This article shows the trouble we are in and we don’t even know it yet. Take heed.
MINT PRESS – Greece is being used as a guinea pig not just for a grand neoliberal experiment in both austerity, but de-cashing as well. The examples are many, and they have found fertile ground in a country whose populace remains shell-shocked by eight years of economic depression. A new law that came into effect on January 1 incentivizes going cashless by setting a minimum threshold of spending at least 10 percent of one’s income via credit, debit, or prepaid card in order to attain a somewhat higher tax-free threshold. CONTINUE READING